Intuit Enterprise Suite (IES) supports Multi-Entity accounting.
Multi-entity accounting definition: Multi-entity accounting involves managing the finances of a company that operates under multiple legal entities.
In Method, we support this with Multi-Tenancy, but to align with Intuit's terminology, Method will update the branding to Multi-Entity.
Changes in Method
If you are currently an account enabled for Multi-Tenancy, there will be no change to the functionality or workflows of your Multi-Tenant accounts, other than change in name to Multi-Entity, as well as referring to every tenant as a Sub-entity.
In the below example, the user is adding a new Sub-entity to their account.
Customer, Vendor, and Employee Entities
Multi-entities and sub-entities are completely separate and different from QuickBooks Name Entities, like customers, vendors, and employees.
Although the term Entity is rarely used when using Method, there are a few times it comes up (like when merging entities).
Furthermore, for those that customize Method, all table and field names will remain the same.
The Entity table will still relate to customer, vendors, and employees, and the Tenant table will still be used for Multi-Entity accounts.
In short:
Entity will always be used to reference a customer, vendor, or employee.
Sub-entity will be used to reference an intercompany within a multi-entity account (previously known as Tenant).
Multi-entity will be used to reference an account set up for multiple legal entities (previously known as Multi-tenant).