Multi-entity consolidation in a crypto group
Mapping multiple legal entities into a Cryptoworth workspace and consolidating into clean group reporting.
A crypto group with four entities is not a single accounting problem. It is four accounting problems plus the consolidation problem on top. Treating it as one workspace without entity discipline guarantees a year-end consolidation that takes weeks.
Entity-first workspace design
In Cryptoworth, each legal entity gets its own scope: its own wallets, its own COA mapping, its own classification rules where they differ. The temptation to bulk every wallet into one workspace 'for simplicity' is the single most common source of consolidation pain later.
Intercompany transfers
When entity A sends tokens to entity B (same group, different legal entities), the transaction is a transfer in onchain terms and an intercompany movement in accounting terms. The classification rules have to recognize the inter-entity nature so the consolidated view eliminates the leg correctly.
Group-level reporting
Group reporting is built on top of entity-level books, not in place of them. The consolidation logic — elimination entries, FX translation, intercompany matching — runs after each entity's close is clean. Skip the entity-level close discipline and group reporting becomes guesswork.
On a four-entity group, expect 30–45 days from kickoff to first clean group close. Each entity has its own complexity; consolidation surfaces all of it at once.