Multi-entity businesses are underserved by existing accounting systems: low-end tools like QuickBooks and Xero lack multi-entity support, while mid and high-end ERPs are too expensive, clunky, and feature-heavy, leaving no affordable, flexible solution for lean finance teams that need clean multi-entity consolidation without bloat.
Existing solutions fail because low-end accounting software cannot handle multi-entity consolidation, forcing workarounds like multiple instances or manual consolidation. Mid and high-end ERPs are priced out of reach for lean teams, and their complexity means paying for features that go unused. There is no solution that offers clean multi-entity consolidation with a modern, simple interface at an affordable price for a business with straightforward billing patterns and minimal inventory.
Workarounds Described
- Using multiple Xero instances to manage separate entities and manually consolidating in spreadsheets
- Building a custom ERP from scratch with 20-table ERD because no affordable off-the-shelf solution fits
Implied Software Gaps
- Affordable multi-entity accounting software with native consolidation and a modern interface
- Customizable ERP platform that allows lean teams to adapt workflows without enterprise pricing or complexity
EntityBooks
EntityBooks is a lightweight, AI-native multi-entity accounting platform designed for lean finance teams that have outgrown Xero but don't need the bloat and cost of traditional ERPs. It offers seamless consolidation across unlimited entities, beautiful modern workflows, and bank-feed integration, all with the simplicity of a modern SaaS tool and the flexibility of custom ERDs.
- Native multi-entity consolidation with inter-company elimination and real-time rollup
- Clean migration from Xero/QuickBooks with direct field mapping and historical data import
- Modern, intuitive UI with AI-assisted workflows for journal entries, allocations, and reconciliations
- Granular role-based access controls and entity-level security with audit trails
- Built-in bank feeds via Plaid and automatic reconciliation
- Lightweight billing and minimal inventory tracking for service-based businesses
Existing Solutions Mentioned
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