What Core Accounting is
Core Accounting is Campfire's general ledger — the financial system of record that everything else runs on. It handles multi-entity consolidation, automated bank reconciliation, continuous close, and real-time reporting without the legacy architecture that makes traditional ERPs so painful to work with.
This is the GL that replaces QuickBooks when you've outgrown it, and NetSuite when you're tired of paying for it.
General ledger
Campfire's GL is continuously updated from connected systems. Every transaction that occurs in your operational stack — invoices, payments, payroll, expenses — flows into the GL automatically. The books are always current, not periodically updated.
Full double-entry accounting, unlimited custom dimensions, and a chart of accounts you control. No batch processing. No manual imports. No waiting for period-end to see where you stand.
Multi-entity and consolidation
Native multi-entity support — not multiple instances you log in and out of. Manage all your legal entities in one place with:
- Consolidated financial statements always available
- Automated intercompany elimination
- Multi-currency with FX translation at period-end rates
- Entity-level and consolidated reporting with drill-down
- Customers managing 80+ subsidiaries, including subs of subs
Automated bank reconciliation
Accounting Intelligence matches bank transactions to GL entries automatically. 90% of bank rec time saved is the average across Campfire customers. Unmatched items surface for review; matched items clear without touch.
TwelveLabs: "Bank reconciliation was life-changing — eliminated 80% of our bandwidth."
Built-in close checklist
Campfire's close checklist replaces FloQast, spreadsheet trackers, and the status-update email chains. Tasks are assigned with due dates, tied to supporting documentation, and tracked in real time. Approval workflows route sign-offs to the right people. The close dashboard shows exactly what's done and what's outstanding.
Teams on Campfire reduce close from 10–15 days to 3–5 days.
Real-time reporting
Financial statements are always current — no waiting for close to see the P&L. Build custom reports in seconds with drag-and-drop, drill down to any transaction, and give executives live dashboards that update continuously.
No exporting to Excel. No downloading NetSuite reports that time out. Reports build in 5 seconds.
Controls and compliance
- 1,000+ granular permission and restriction settings
- Multi-level approval workflows configurable by amount, entity, and transaction type
- Segregation of duties enforcement
- Full audit trail on every transaction — who, what, when
- Locked periods by month and by sub-ledger
- SOC 2 Type II certified
- Built to pass Big 4 ITGC audits
- The only next-gen ERP with public company customers
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