Use case
Multi-entity accounting with Lucius
Definition
Multi-entity accounting is the practice of maintaining separate books for each legal entity or subsidiary while consolidating them into a single group view — handling intercompany activity, multi-currency, and eliminations.
Map your current workflow
Tell us how this process runs today and we'll show how Lucius keeps contracts, cash, and the ledger connected.
The problem
- Each entity often runs its own accounting instance, and consolidation happens in spreadsheets at close.
- Intercompany transactions, transfers, and eliminations are manual and error-prone across entities.
- Group-level reporting lags because every entity must close before consolidation can begin.
How Lucius solves it
- Lucius maintains a stateful ledger per entity with contract-to-cash and reconciliation running on each.
- Intercompany activity and transfers are tracked across entities, with eliminations handled at the group level.
- Consolidated and per-entity reporting derive from maintained state, so the group view is current between closes.
Workflow
- 1
Set up entities
Each legal entity gets its own stateful ledger and chart of accounts.
- 2
Run operations per entity
Contract-to-cash and reconciliation run on each entity independently.
- 3
Track intercompany
Transfers and intercompany activity link across entities.
- 4
Consolidate
Group-level consolidation applies eliminations across entities.
- 5
Report at both levels
Per-entity and consolidated reports derive from maintained state.
Example data flow
| From | To | What happens |
|---|---|---|
| Entity ledger | Group view | Each entity's stateful ledger rolls up into the consolidated group view. |
| Intercompany activity | Elimination | Cross-entity transactions are matched and eliminated at the group level. |
| Multi-currency | Consolidated report | Currency activity translates into the group reporting currency. |
Frequently asked questions
Does Lucius support multiple legal entities?
Yes. Lucius maintains a separate stateful ledger per entity with its own chart of accounts, and consolidates them into a group view.
How does Lucius handle intercompany transactions?
Intercompany activity and transfers are tracked across entities and eliminated at the group level, keeping consolidated reporting accurate.
Can Lucius consolidate across currencies?
Yes. Each entity can operate in its own currency, and Lucius translates into the group reporting currency for consolidation.
Is consolidation real-time?
Because each entity is maintained continuously, the consolidated group view is current between closes rather than assembled after every entity closes.
Map your current workflow
Tell us how this process runs today and we'll show how Lucius keeps contracts, cash, and the ledger connected.
Map your workflowOr explore the stateful ledger — Lucius's financial system of record.