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Some locations run on more than one company. In medical franchises, Corporate Practice of Medicine (CPOM) rules often split one clinic in two: a professional entity (a PLLC or PC) that holds patient revenue and provider pay, and an operating entity (an LLC or MSO) that holds everything else and charges the PLLC a management fee. The owner still needs one P&L for the location.

Multi-Entity P&L lets a location keep a second (or third) set of books. Fran Metrics adds every entity into the location's single P&L, then takes the money moving between them (like the management fee) back out, so revenue isn't counted twice.

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Turning it on: Multi-Entity P&L is switched on by Fran Metrics for your organization, and it needs your Standard Chart of Accounts P&L turned on (Enable COA in P&L Report). Email [email protected] and we'll set it up with you.

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Key Ideas

• Primary entity The location's own books: QuickBooks Online, Xero, or spreadsheet import. Nothing about them changes. Pulls, imports, locks, and mapping all work exactly as before.
• Secondary entity Each additional company. It has a type (Professional PLLC / PC, Operating LLC / MSO, or Other) and a source: Typed in or Spreadsheet import.
• One figure per account per month Typing a figure replaces what was there for that line and month. Importing a file replaces the entity's whole month. Nothing is ever stacked on top.
• Intercompany pair The two halves of money moving between entities, like the LLC's management fee income and the PLLC's management fee expense. Fran Metrics shows both on their normal lines, then takes them back out in an Intercompany eliminations row.

Setting Up a Location (Admin)

Setup is done by an admin of the location's own organization, or by Fran Metrics.

1. Add the second entity

1. Go to Units, pick the location, and click Edit
2. Open Report Settings and find Additional entities
3. Click Add an entity and fill in the name, what kind of entity it is, where its numbers come from, who gets reminders, and the month it starts reporting from
4. Click Save entity

The location's own books appear automatically as the first row, tagged PRIMARY. You can rename it (for example "Clinic Operating LLC"), but its source always follows the location.