Consolidate Company


Good afternoon,

I have 3 rental properties that I keep separate books for since they are 3 different LLC's.  I would like to track them together (but keep separate as well) If I create a company just to track the 3 together, do I make changes then in this one or do I still need to go in and log in to each set of books?

  • 0

    The Consolidated Company would be used solely to combine the three companies into one for Financial Statement purposes, as well as to handle any intercompany transactions via a General Journal Entry. If you have a change that needs to affect an individual company, you would make that change within the respective company, and then those changes would flow through to the Consolidated Company.

    Tammi M. Ermerins ([email protected])

    Certified Sage 50/Peachtree Accounting & Crystal Reports Consultant & Trainer

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