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Multi-entity & multi-state

More than one company. More than one state.

Most operators of any size are several companies wearing one coat. FastDragon holds them as they actually are, in three tiers: corporate entity, operating division, and location. A commissioned-agent station is a location with the same accounting visibility as the division above it, so results roll up on their own.

Illustrative screen. Sample figures, never a real customer.

The problem

Two companies, four spreadsheets.

Every company you add is another set of books, another EIN, another state filing, and another reconciliation nobody asked for. The group picture arrives late, if at all.

  • A separate set of books per company, kept in step by hand
  • The same customer entered once per company, then drifting apart
  • State schedules rebuilt from scratch every month
Multi-entity & multi-state

One structure carries all of it.

The statements each company owes, and the filings each state wants.

Statements

Read one company, or read the group.

Every entity carries its own federal EIN and as many state tax IDs as it files under. Run the statements for one company, or for the whole group, off the same ledger. An entity that does not file separately simply rolls under its parent.

  • One federal EIN per entity, and as many state IDs as it needs
  • Statements for a single company or the group consolidated
  • Intercompany accounts keep the balances between them straight
  • Entity-scoped journal tagging, so a figure always knows whose it is
Multi-state

The state schedules build themselves.

Every month a state wants to know about the fuel you moved: which load left which terminal and where each part of it was delivered. FastDragon builds that from the loads you already entered. Nothing is rekeyed.

  • Connecticut gasoline and diesel schedules, New York PT-101.1 and PT-102.1
  • One bill of lading split across stops becomes one line per stop
  • Seller, hauler, terminal and delivery details entered once, then reused
  • Filed per entity when companies file separately
What you get

Several companies, one operation.

Run them apart. Read them together.

  • A three-tier hierarchy: corporate entity, operating division, location
  • Federal EIN and state tax IDs per entity
  • One shared customer list across every company
  • Per-entity statements, and the group consolidated
  • Intercompany accounts kept in balance between companies
  • State fuel schedules built from loads already in the system
  • Connecticut and New York filings today, with more added on request
  • Entity-scoped journal tagging, so a figure always knows whose it is

3

tiers from corporate down to a single site

1

customer list across every company

0

schedules rekeyed at filing time

Bring your group structure.

Book a walkthrough and bring the companies as they really are. We will build the tree on the call and show you the group and each company side by side.