Special situations
Franchise and multi-entity consolidation
Saudi groups running several licences, across Riyadh, Jeddah and Dammam or split between Saudi and foreign ownership, get one consolidated view built from clean per-entity books, kept on the same monthly schedule in QuickBooks Online or Xero. Finbryn matches the chart of accounts across entities, tracks intercompany charges, and rolls everything into one profit and loss and balance sheet.
Bank reconciliation summary
Illustrative client · August 2026
SAR
| Account | Difference | Status | ||
|---|---|---|---|---|
| Operating account··4821 | 184,220.16 | 184,220.16 | 0.00 | Reconciled |
| Reserve account··0937 | 60,000.00 | 60,000.00 | 0.00 | Reconciled |
| Company card··1006 | (12,418.52) | (12,418.52) | 0.00 | Reconciled |
| Card processor clearing | 8,905.40 | 8,905.40 | 0.00 | Reconciled |
| Payroll clearing | 0.00 | 0.00 | 0.00 | Reconciled |
Last weekly runFri 28 Aug, every account agreed to its statement.
Two open itemsTwo card receipts requested from you, marked on the card account until they arrive.
Illustrative. An example of the document, not a client's figures.
One view across several licences
A Saudi group running several trading entities or related licences usually ends up with each licence's books kept slightly differently, on different schedules, sometimes in different software, until someone has to stitch a group-level picture together at year end by hand. Finbryn starts by matching the chart of accounts across every entity or licence, so figures line up before any consolidation happens rather than being forced together afterward.
Intercompany charges and mixed ownership, tracked separately
Each entity's books get categorised and reconciled on the same monthly schedule, and intercompany charges, management fees and transfers between entities are tracked and eliminated on consolidation rather than left to inflate the group's reported turnover. That separation matters for a group mixing Saudi and foreign shareholders, since Zakat at 2.5 percent applies to the Saudi and GCC ownership share and corporate income tax at 20 percent applies to the non-Saudi share, each computed on its own entity before the group view is built, never blended into one rate.
Consolidation surfaces the underperforming unit early
The result is a consolidated profit and loss and balance sheet alongside per-entity reports, so an underperforming licence or location surfaces early rather than getting absorbed into a group-level number that looks fine on average. A group operating across Riyadh, Jeddah and Dammam, or through a foreign-owned entity holding a Ministry of Investment licence alongside a wholly Saudi-owned one, needs a consolidated view that keeps each entity's ownership structure visible rather than assumed to match the others.
Related-party transactions between entities in the group also need a Transfer Pricing Disclosure Form filed alongside the income tax or Zakat return, so intercompany charges tracked through the consolidation double as the supporting schedule for that disclosure. See multi-year catch-up if one or more entities are behind before consolidation can start.
Questions
Frequently asked questions: Franchise and multi-entity consolidation
Can each Saudi entity or licence keep its own file?
Yes. Each entity keeps its own books, and we roll them up into a consolidated set on your reporting schedule.
Can a unit that is behind on reconciliation join the consolidation later?
Yes. It is caught up first through multi-year catch-up, then folded into the consolidated view once its own books are current.
How do you keep the Zakat and tax split intact inside a group consolidation?
The Saudi and GCC ownership share and the non-Saudi share are tracked on their own account for each entity across the consolidation, so the group view never blends the two regimes into one number.
Does the consolidation cover the Transfer Pricing Disclosure Form for intercompany charges?
The intercompany charges tracked through the consolidation are the working papers behind that disclosure, though the form itself is filed by the taxpayer or its licensed tax agent alongside the income tax or Zakat return.
Can each franchise unit keep its own file?
Yes. Each unit keeps its own books, and we roll them up into a consolidated set on your reporting schedule.
How do you handle royalty payments to the franchisor?
Royalties are tracked as an intercompany or standard expense line depending on your structure, and reconciled each period against the franchisor's statements.
How do we get started with franchise and multi-entity consolidation?
Getting started with franchise and multi-entity consolidation begins with a short review of your current records and software access. Once that is done we confirm scope and timing in writing, and ongoing work begins on the schedule agreed with you.
What if our records for franchise and multi-entity consolidation are not up to date?
If your records are behind, we scope a catch-up first so franchise and multi-entity consolidation starts from a clean, reconciled base. That catch-up is priced and timed separately from the ongoing engagement, so you always know what each part costs.
Related services
- BookkeepingIntercompany accountingBookkeeping across two or more related entities, with intercompany loans, charges and transfers tracked and eliminated so consolidated reports are not overstated.
- Close & reportingConsolidationsMultiple entities, locations or subsidiaries combined into one consolidated set of financials, with intercompany balances eliminated while each entity still reports on its own.
Industries
- Restaurants and multi-entity franchise groupsBookkeeping for restaurant groups and franchise operators running several locations or legal entities at once.
- Real estate and property managementBookkeeping for property owners and managers tracking income, expenses and reserves at the level of each individual property.
- HospitalityBookkeeping for hotels, short-term rentals and hospitality operators reconciling booking platform payouts and occupancy-driven revenue.
Next step
Talk to the team that would run your books
A short call covers your setup, your software and what a first month would look like. You get a written scope and price after it.