Multi-company management
In one sentenceManaging several legally independent businesses in one system, each with its own books and statements, with the option to combine their reports for the owner.
Simply put
An owner who has a restaurant, a contracting business and a trading company needs separate books for each, because each has its own commercial registration and VAT number. Multi-company management achieves this in one system.
The difference from multi-branch: branches are parts of one business with one set of books, while companies are separate entities with separate returns.
Example
An investor owns three companies, so he runs each of them in the system with its own chart of accounts and VAT return, then asks for a report combining their sales and bank balances to see the full picture.
Don't confuse it with
Multi-branch managementBranches fall under one VAT number and one set of books, while multiple companies each have their own books.