Multi-entity accounting proposals: separate closes and group reporting

List legal entities, ownership, tax classifications, countries or states, currencies, accounts, and operating roles. Explain which entities sell, employ, hold assets, borrow, or provide shared services.

Separate active entities from dormant or holding entities, while asking advisers to assess their actual obligations. Low transaction volume does not automatically eliminate filing or recordkeeping work.

Name reconciled accounts, source schedules, statements, review, and open-item handling. Ask how the provider keeps each entity's record complete before producing a combined management view.

For illustration, paying subsidiary bills from a parent account requires an explained related-party treatment. The proposal should identify who records and matches both sides.

State whether you need consolidation, combined reporting, eliminations, shared-cost allocations, or another management view. Have a qualified reviewer assess the applicable accounting requirements.

Keep allocation drivers and currency treatment documented. A spreadsheet that adds entity P&Ls does not necessarily provide the reporting treatment the group needs.

List federal, state, foreign, payroll, and information-return work relevant to the group. Ask which services the provider performs and which require separate advisers.

Confirm who coordinates ownership changes, cross-border transactions, financing, and unusual arrangements. Avoid assuming a general multi-entity label includes every jurisdiction or legal opinion.

Get prices by entity and workstream, plus setup, cleanup, software, additional accounts, and growth triggers. Confirm the named team, reviewer coverage, close dates, and input deadlines.

Request a sample intercompany reconciliation and group reporting package with confidential information removed. Keep company administrator access and complete export rights. The proposal should explain how the separate records become an understandable group view, with responsibilities intact at every boundary.

Agree how a newly acquired, formed, or closed entity enters or leaves the engagement. Identify the opening or final review, responsibility for historical records, and the fee change before treating the group scope as automatically updated.