Multi-entity owners & holding cos

Run an empire from one login.

An LLC for the consulting work, an LLC for the rental, another for the side business — Trailing Paper handles all of them. Unlimited companies, one subscription, intercompany invoicing built in.

Portfolio revenue · MTD
$847,210
5 entities
+ 12.4% YoY
Consulting LLC
Service
$184k
MTD revenue
Riverbend Rentals
Real Estate
$92k
MTD revenue
Acme Brewing
Product
$418k
MTD revenue
Who this is for

Multi-entity. Multi-company. Multi-headache, no more.

🏢

Holding companies

A parent LLC that owns multiple operating entities. See enterprise-wide cash position, bill subsidiaries with intercompany invoices, allocate management fees programmatically.

🏘️

Multi-property landlords

Each property in its own LLC for liability protection? Track rent, expenses, and net income per property — and roll up to enterprise-level totals for tax season.

🍔

Franchise operators

Run 5 locations as separate entities? See same-store revenue trends, share a chart of accounts, give each manager scoped access to their own location only.

🎨

Agencies & studios

Brand agency on one entity, video studio on another, consulting on a third. Bill clients from the right entity, share customers across all, accountant sees everything.

📊

Investment / hold cos

Family office or investment SPV with multiple portfolio companies? Track cash and AR/AP across the portfolio, generate consolidated reports for stakeholders.

🧑‍🤝‍🧑

Accountants & CPAs

Manage 20 client books from one login? CPAs get scoped access to each client without separate logins or ProAdvisor subscriptions.

Enterprise Dashboard

Your whole empire on one screen.

Total Enterprise Value at the top. Per-company cards underneath. KPI grid for cash, AR, AP, revenue, expenses, profit, and tax — across every entity, refreshed in real time.

Hero strip

Total Enterprise Value, computed live.

The top of the dashboard shows your total enterprise value: cash across every connected bank, plus everything customers owe you (AR), minus everything you owe vendors (AP). Updated the moment a payment posts or a bill is paid. Snapshot timestamp shown so you know when the data was pulled.

  • Cash, AR, AP — aggregated across every company you have access to
  • YTD revenue tucked into the subline so you can see how the year's tracking
  • Force Refresh All button — fans out a Plaid refresh to every connected item
  • "Snapshot · Apr 24, 7:42 PM" timestamp showing exactly when the data is from
  • Real-time, not cached
Total Enterprise Value
$1,287,492
Cash $812k · AR $324k · AP $87k · 8 companies
⏱ Snapshot · Apr 24, 7:42 PM
↻ Force Refresh All
Company cards

Every business at a glance.

Below the hero, a horizontal grid of company cards — each showing its logo, name, net worth (cash + AR − AP), and a small attention badge if there's overdue AR or a Plaid item that needs reconnecting. Click any card to switch context to that company's dashboard.

  • Logo, name, net-worth in big bold
  • Cash / AR / AP breakdown on each card
  • ⚠ Attention badge if overdue invoices or bank disconnects exist
  • Click → switches active company → drops you into that company's dashboard
  • Sorted alphabetically; reorderable in settings
AS
Acme Studio
Cash · AR · AP
$420,128
NH
North Holdings
Cash · AR · AP
$318,402
FG
Field Goods Co
Cash · AR · AP
$284,714
LK
Loop & Knot
Cash · AR · AP
$185,239
Consolidated P&L

One curve. All companies. Last 12 months.

The big chart in the middle of the dashboard rolls up every company's revenue, expenses, and profit into a single trend. See whether your enterprise as a whole is growing — without flipping between company-specific reports.

  • Stacked area chart: Revenue (green), Expenses (red), Profit (blue)
  • Last 12 rolling months, bucketed by month
  • Always live — no "rebuild reports" button
  • Hover for exact figures per month
  • Toggle between aggregate and per-company breakdown (Pass 2)
Consolidated P&L · 12 months
+$295,418 net
● Revenue ● Expense ● Profit
Intercompany Invoicing

Bill yourself. Have the books figure it out.

Holding company bills the operating company a management fee. The studio rents office space from the property LLC. Brand new feature most accounting tools don't even support — and we made it as simple as picking from a dropdown.

How it works

Pick a sibling company. We mirror everything.

When creating an invoice, if you have access to multiple companies you'll see a "Bill another company on your account" dropdown. Pick one, fill in your line items, send. Behind the scenes:

  • Sender: a customer is auto-created using the receiver's company name + email + logo
  • Receiver: a vendor is auto-created using the sender's company name + logo
  • Receiver gets a Bill mirrored from the invoice — line-item perfect
  • Pay on either side and it flows automatically: paying the bill marks the invoice paid; paying the invoice marks the bill paid
  • Both records are linked permanently and visible from either side
AS
Acme Studio
Sends INV-00042 · $4,250 management fee
NH
North Holdings (parent)
Receives BILL-00018 · auto-mirrored
Linked
User Access & Roles

Give your accountant exactly what they need. Nothing more.

Each user can be scoped to specific companies and limited to specific roles. Your CPA gets read access to all books. Your studio manager only sees the studio. Your bookkeeper can post entries but not change billing.

Roles available

  • Admin — full access to a company including settings, billing, user management
  • Manager — full access to a company except billing & user management
  • Bookkeeper — can post entries, run reports, reconcile bank feeds. No invoicing or billing.
  • CPA / Accountant — read-only across all assigned companies, can post journal entries
  • Team Member — invoice/estimate creation only, no banking or reporting
  • Custom — pick exact permissions per user

Scoping rules

  • Per-company access — give a user access to 1, some, or all companies
  • Default company on login — set which company they land in
  • Two-factor authentication (TOTP) — enforceable per user
  • Audit log — every action logged, including which company it happened in
  • Revoke access instantly — user signs out everywhere on next request
  • Free — no per-user fees ever, on any role
The Math

Multi-entity owners, the savings are wild.

Most accounting tools force you into a separate subscription per company. Here's what 5 entities cost on QuickBooks Online vs Trailing Paper.

Setup
QuickBooks Online Plus
Trailing Paper
5 LLCs, 1 user (you)
Annual
$5,940
$99/mo × 5 subs × 12
Annual
$359.88
Save $5,580/yr
5 LLCs, 3 users (you + accountant + bookkeeper)
Annual
~$8,000
5 subs + per-user fees
Annual
$359.88
Save ~$7,640/yr
10 LLCs, 5 users
Annual
~$15,000
10 subs + 4 user fees per sub
Annual
$359.88
Save ~$14,640/yr
Real Operators

Why multi-entity owners switch.

I have 7 LLCs across real estate, two service businesses, and a holding company. We were spending $700+/mo across all our QBO subscriptions, plus paying our accountant for the time it took her to switch between logins. Trailing Paper is one login, $30/mo, and my accountant is faster too. The intercompany invoicing alone has saved us so many spreadsheet rebuilds.
MR
Marcus R.
Owner · 7 entities · Real estate + services

Run all your businesses from one screen.

Sign up once, add as many companies as you need. No per-entity fees. No per-user fees. One subscription.

Start Free Trial →
$29.99/month after trial • Unlimited companies