Accounting shouldn’t feel like detective work. But when one transaction covers dues for an association and a donation for its foundation, reconciling “who gets what” can get messy fast.
Many associations and nonprofits manage multiple financial entities under one roof. Without system-level support, finance teams are forced into manual reconciliation. That means delays, errors, and frustration — especially at audit time.
Cobalt 4.1 introduces support for multi-entity accounting, a long-requested enhancement that automatically identifies “due to” and “due from” amounts across entities.
When a transaction spans multiple entities (like dues + donations), the system tags each product line with the correct financial entity. Reporting and general ledger entries reflect these allocations, so finance teams can clearly see what belongs where. Payments still flow to the same account, but reporting is accurate from the start.
Here’s what Multi-Entity delivers:
- Finance teams saving hours simplifying transactions
- Organizations can report with confidence across entities
- Members experience seamless transactions without hidden complexity
It’s transparency and efficiency where it matters most.
