A US subsidiary of a European group
Your parent company runs on Odoo. Your US entity can too — with one partner for both.
What usually goes wrong
- Two systems, one groupThe US entity is set up in a separate bookkeeping tool because that was the fastest option at incorporation. Every close then needs someone to reconcile it back to the parent.
- Consolidation by spreadsheetA chart of accounts mapped by hand each month is a process that works until the person who knows it leaves.
- Two standards, no ownerUS GAAP for the local filing, the parent's standard for the group. Nobody is clearly responsible for making both true at once.
- Intercompany left until year-endTransfer pricing and intercompany balances get looked at once a year, which is exactly when they are hardest to fix.
Running the US entity inside your group's Odoo
If the parent already runs on Odoo, the US subsidiary can be another company in the same instance rather than an island. The chart of accounts is mapped once, at setup, instead of every month. Intercompany entries are visible as they happen. Group reporting stops being an export-and-rebuild exercise.
This is not an argument that Odoo is right for everyone. It is an argument that if your group has already made that choice, running the US entity outside it costs more than it saves — which is why the migration of an existing US ledger into your Odoo is where we usually start.
What we take on
Day-to-day bookkeeping for the US entity in your group's Odoo, the group consolidation across your standard and US GAAP, and the reporting your parent's finance team needs in the format it needs it. US tax filings are prepared and signed off by licensed US professionals we work with — you deal with one partner, not two.
We work in your instance, not a copy of it. You keep ownership of the system and of the ledgers — including the ability to take the work elsewhere.
Where the US market stands
Most US outsourced accounting is built around QuickBooks and around companies that exist only in the United States. Providers in that market generally exclude foreign entities outright. The result is a genuine gap for European groups: plenty of good options for the US-only case, very few for the subsidiary case.
Before the accounting is set up. Choosing the structure first and fixing the books afterwards is the expensive order.
We migrate it into your group's Odoo. Leaving a separate ledger in place is what creates the monthly reconciliation you are trying to get rid of, so keeping it would preserve the problem. The migration is part of the engagement, not an extra project.
Licensed US tax professionals we work with directly. You keep one point of contact — us — for the bookkeeping, the group consolidation and the coordination, rather than managing a provider on each side of the Atlantic yourself.
Setting up or cleaning up a US entity?
A free first conversation about how your group consolidates today, and what it would take to bring the US entity into it.
Book a call