Digits Introduces Multi-Entity Support to Streamline Complex Corporate Accounting

Accounting and bookkeeping automation platform Digits has officially launched Digits Multi-Entity, a new solution designed to help businesses and accounting practices manage multiple legal entities under a single organizational structure. According to the company, the platform allows users to operate through one login, manage a single subscription, and handle billing collectively while maintaining distinct financial records for compliance purposes.

Addressing Structural Complexity in Modern Business

Corporate structures often involve numerous legal entities, ranging from real estate portfolios with individual LLCs for each property to holding company and operating company frameworks, special purpose vehicles, family offices, and high-net-worth households. Founder and CEO Jeff Seibert noted that adding entities is frequently the primary driver behind businesses outgrowing standard small business accounting software.

By deploying Digits Multi-Entity, organizations can preserve separate books, ledgers, transaction histories, closing processes, and tax identities for each entity. Users retain the ability to switch seamlessly between different corporate units without managing separate account credentials or navigating disjointed portal environments.

Streamlining Firm Dashboards and Reporting

For external accounting firms, the platform aggregates multi-entity clients into a unified grouped dashboard view. This setup simplifies oversight and allows practitioners to incorporate new entities directly into an existing client profile without disrupting the overarching payment method or administrative structure. Furthermore, the Automated General Ledger continuously categorizes and reconciles each transaction to ensure that financial books remain current.

• Integration with Reach Reporting enables automated consolidated financial statements, forecasts, and budgets.
• Users can drill down from high-level group results directly into the financials of any individual entity.
• Additional entities on the Essentials plan feature a threshold of free transactions before incurring standard monthly fees.

The release builds upon recent updates from Digits, including the integration with Reach Reporting and the rollout of Write MCP, an artificial intelligence update built to allow safe general ledger interactions while protecting previously locked accounting periods.