Exploring the Latest Multi-Entity Enhancements in QuickBooks Enterpris

We’re diving into the newest Enterprise Suite updates focused on multi-entity functionality. Let's get an exclusive walkthrough of the latest features and what they mean for your accounting workflows.

A Quick Overview of What’s New

This latest release delivers enhancements across four key areas:

Multi-entity accounting and financial management
Dimensions and business intelligence
Industry-specific customizations
Security and compliance

In this article, we’re focusing specifically on the multi-entity improvements — updates that make it easier than ever to manage multiple companies, consolidate reporting, streamline eliminations, and improve user visibility.

Simplified Manual Eliminations

One of the most powerful new capabilities is the simplified handling of manual eliminations.

Previously, removing intercompany transactions often required manual adjustments in separate entity books or the use of complex journal entries. Now, you can make elimination adjustments directly in one centralized location.

This update helps ensure your financial statements remain accurate and compliant with accounting standards, without the repetitive task of switching between entities.

In short: fewer manual steps, more confidence in your consolidated financials.

Consolidated Reporting — Without the Spreadsheets

Say goodbye to exporting, syncing, and stitching together spreadsheets.

With this release, QuickBooks Enterprise Suite now offers multi-entity consolidated reporting right inside the product.

You can instantly generate complete financial statements across all your entities — including:

Balance sheets
Profit and loss statements
Cash flow statements
Trial balance reports

This means real-time visibility into your organization’s performance, all in one place. You save hours of manual work while gaining deeper insights into cross-entity trends and financial health.

Enhanced User Visibility and Access Control

Another major improvement: centralized user visibility.

Admins can now view and manage all users across every entity from a single dashboard. You’ll be able to:

See which entities each user can access
Review their assigned roles and permissions
Adjust access instantly — no switching between entities required

This streamlined experience saves valuable admin time and ensures consistent, secure access management across your organization.

New Financial Automation Features

In addition to the multi-entity upgrades, this release also includes powerful financial automation tools to boost efficiency and control.

Recurring Payments

You can now set up automatic recurring payments for customers, improving cash flow predictability and reducing the need for manual billing. If your business uses QuickBooks Online Payments, this enhancement adds even more flexibility and control.

AI-Powered 1099 Automation

Manuel also shared a preview of the new AI-powered 1099 automation, which helps you:

Automatically collect missing vendor information
Prepare 1099 forms for review
Eliminate manual tracking and data entry

All you have to do is review and approve the AI-generated forms — saving you significant time during tax season.

Wrapping Up: Faster, Smarter, and More Connected

These multi-entity updates are designed to help firms and businesses manage complex structures with ease — giving you more automation, less manual work, and better visibility across every company you manage.

Quick Recap

✅ Manual eliminations are now centralized
✅ Consolidated multi-entity reporting is built in — no spreadsheets needed
✅ Admins can manage users and roles across all entities from one screen
✅ New recurring payments feature for predictable cash flow
✅ AI-powered 1099 automation for faster, easier tax prep

These updates to QuickBooks Enterprise Suite (IES) went live in December 2024.
Interested in IES? FInd out how you can get it today here!

Exploring the Latest Multi-Entity Enhancements in QuickBooks Enterprise Suite