Configuring your Multi-Entity group

Within your group, you have two additional configuration options that you can do:

The differences between these two and the setup of these are outlined in more detail below.

As an overview, however, these do the same function - combining multiple accounts into one line.

You would consolidate accounts when the account types are the same (i.e. an expense code with an expense code), and the expenses are similar across the farms (i.e. Wages - Staff from Farm A and Staff - Wages from Farm B).

On the other hand, you would create an Inter-Entity transfer when the account types are opposite (i.e. an expense code to an income code); an example would be if Farm A paid rent to Farm B.
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To consolidate accounts, head to the Group Entities page of your Multi-Entity group and select Consolidated Accounts.

You'll then be presented with two options - Find Matches and Add Consolidated Account.

Find Matches will automatically suggest consolidation options based on accounts that share the same account codes in Xero.

On the following page, you will have a list of suggested consolidations. You can mark whether you'd like to proceed with the consolidation using the tick boxes provided.

Alternatively, you can manually consolidate accounts by using Add Consolidated Account.

If you're manually consolidating the accounts, you first need to add some details about the accounts you're consolidating, and then you will be able to select the code(s) you wish to include from each farming entity.

An inter-entity transfer can be added from the Group Entities page, much like the consolidate accounts option.

Select Inter-Entity Transfers and on the next page select Add Offset.

All you need is to select the from farm and account and the to farm and account. Please note the order of these accounts is important.

You will need to ensure that the to account is the income. If you have the expense as the to account, it will give you a positive expense.