Multi-entity accounting in Campfire
Campfire treats multi-entity as a first-class capability, not an add-on. You can manage multiple legal entities — US subsidiaries, international entities, holding companies — within a single instance, with each entity maintaining its own books and a consolidated view available at all times.
Intercompany transactions
When one entity charges another — management fees, shared services, loans — Campfire records the transaction in both entities automatically and flags it for elimination in the consolidated view. This eliminates the manual matching work that makes intercompany reconciliation painful at month-end.
What Campfire handles automatically:
- Intercompany revenue and expense elimination
- Intercompany receivables and payables matching
- Intercompany loan interest calculations
- Management fee allocations
Currency and translation
For international entities, Campfire handles multi-currency accounting including:
- Transaction recording in local currency
- Functional currency designation per entity
- Automated translation to reporting currency at period-end rates
- CTA (cumulative translation adjustment) calculations
- Historical rate tracking for balance sheet items
Consolidated reporting
The consolidated P&L, balance sheet, and cash flow statement are always current — not produced by exporting to Excel at period-end. You can view financials at any level:
- Consolidated (all entities)
- Entity group (e.g., all US entities, all international)
- Individual entity
Intercompany eliminations are applied automatically in the consolidated view.
Ownership structures
Campfire supports common ownership structures including:
- Wholly-owned subsidiaries
- Partial ownership / minority interests
- Holding company structures
What this replaces
Most companies managing multiple entities before Campfire are either:
- Running separate QuickBooks instances and consolidating in spreadsheets at month-end
- Using NetSuite with significant customization and IT overhead
Campfire provides the consolidation capability of an enterprise ERP without the implementation cost and complexity.
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