How does QB handle one legal entity and multiple locations? We need to be able to manage finances at entity level, Please advise.

Hi there, raghavendra-nara.

Thank you for visiting again the QuickBooks Community. I'll ensure you're able to manage finances at the entity level. 

There is a Location tracking feature in QuickBooks Online that is used to categorise data from different locations. Also, various offices, regions, outlets, or departments of the same company. This will help you to easily identify where the majority of your business income is coming from. Then, lets you see all the payments for one location and deposit them as a group. To start with, you'll have to turn on this feature by following these steps:

1. Click the Gear icon and select Account and Settings.
2. Go to the Advanced section.
3. In the Categories section, select the Pencil icon.
4. Select the checkbox to track locations.
5. Hit Save and Done.

Once done, you can follow the steps below on how you can add a location.

1. Go to the Gear icon and select All Lists.
2. Click Locations and select New.  Then add the Name of the location you want to track.
3. Choose Save and close.

To see additional information, you can click this article: Set up and use location tracking.

You can click this article on how you can use the Class Tracking feature to track account balances by the department, business office, or location, or any other meaningful breakdown of your business. 

Please refer to this article to view details on how you can run various reports in QuickBooks Online to provides a snapshot of your business: Run reports in QuickBooks Online.

I'm always here to help if you have any other concerns or questions. Just tag my name in the comment section and I'll get back to you as soon as I can.

@raghavendra-nara 

One QBO account is for one company file. You can manage branches/divisions by utilizing the Class/Location feature. Otherwise you should open a new account.

https://quickbooks.grsm.io/India

As an additional option, you may utilize a BI app to consolidate reports from multi QBO accounts.