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Make time consuming and complicated monthly consolidations a thing of the past

13th Jul 2018
Brought to you by
AccountsIQ logo

Award-winning cloud accounting software for multi-company businesses.

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Have you found this content useful? Use the button above to save it to your profile.

Consolidate Accounts across your group with different subsidiaries, currencies and chart of accounts structures in seconds

AccountsIQ's Consolidation module makes time-consuming and complicated monthly consolidations fast and easy. Obtain real-time access to consolidated results across the group and related subsidiaries from one single system. Once set up, the process is simple and takes less than a minute to consolidate data from multiple subsidiaries with one click.

Individual AccountsIQ subsidiaries with similar GL Account categorization and co-terminus year-ends can be linked together to consolidate into an overall parent company. This helps eliminate costly and error prone work flow practices resulting from trying to consolidate data from different systems and spreadsheets. Consolidate your data when ready and as many times as required to obtain the latest results across the group.

At a glance

  • Global access and reporting of group wide results
  • Consolidate multiple subsidiaries and sub groups ·
  • Multicurrency consolidation
  • Centralized ex rate control
  • Handles minority interests
  • Automated Intercompany Transactions & Elimination
  • Extensive reporting including consolidated sales and purchase analysis
  • Post consolidation adjustments at group level

The Consolidation Module can be deployed as a stand-alone reporting module whereby Trial Balances from other accounting systems are imported and then the data is consolidated. Both standard system reports or Excel-based reporting is then available. Alternatively, each subsidiary can use AccountsIQ as its primary accounting system and can then be linked into the overall group structure for consolidation purposes.

Learn more about AccountsIQ consolidation accounting software features

Watch our case study video to see how Salamanca Merchant Bank and others feel about our consolidation and reporting functionality.

Contact UK Sales to arrange a demo or call us on 0203 598 7350 or email [email protected] 
 

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