Groups and consolidation
Consolidated statements for groups of companies
Link the companies in your group, keep intercompany balances in step and switch your financial statements from Company to Group with one click.
What you can do
Link your companies
A Premium company links its sister companies and subsidiaries. The linked companies can be on any plan.
Intercompany accounts
Balances between group companies are kept on intercompany accounts, ready to eliminate.
Eliminations
The investment is eliminated from the acquisition date, and unrealised profit in stock is worked out with an override you can type.
Minority interest
Non-controlling interest is measured at its proportionate share of net assets.
Company or Group
Financial statements have a Company/Group switch, so the consolidated view sits next to each company's own.
Each company keeps its books
Every company keeps its own plan, users and books. Only the main company issues the consolidated statements.
Which plans include it
Linked companies and consolidated financial statements are on Premium. Only a Premium company can link others.
Questions
Do all my companies need Premium?
No. Only the main company that links the others needs Premium. The linked companies can be on any plan.
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