SoftLedger Consolidation Accounting

What SoftLedger Consolidation Accounting is

SoftLedger Consolidation Accounting is a paid web and API platform for organizations managing multiple entities and currencies. It centralizes accounting and automates intercompany journal entries and eliminations while allowing subsidiaries, divisions, joint ventures, and holding companies to keep separate books. Users can run profit and loss, balance sheet, and cash flow reports for an entity, segment, or whole organization, then drill into originating transactions. SoftLedger pulls live foreign exchange rates at transaction level and supports remeasurement and translation to a reporting currency under GAAP or IFRS. A REST API supports custom integrations, with listed partners including Ramp, BILL, CTR Payroll, FileForms, and NODE40. The company describes encryption in transit and at rest, AES-256 for production data, multi-factor authentication, least-authority access, and logical customer-data separation. The SoftLedger plan costs $750 a month and includes all general ledger modules and functionality.