From connecting your entities to delivering compliant consolidated statements — here is every step of the process.
Each entity's trial balance maps to a Common Chart of Accounts (CCOA). The aggregated group data is then tagged against accounting standards — IFRS, US GAAP, UK GAAP, or local — to generate separate compliant statements from the same underlying data set.
Each step runs automatically once configured. No manual work required period after period.
Connect Xero, QuickBooks, MYOB, or Zoho Books using built-in connectors. Other systems import via Excel or CSV. Data pulls automatically each period.
AI mapping suggests account mappings based on account names and codes. Review, confirm, done. The same mapping applies every period — no remapping required.
Define parent, subsidiaries, ownership percentages, and acquisition dates. Virtual groups handle divisional or brand-level reporting without changing your legal entity structure.
IAS 21 translation runs automatically. Closing rate for Balance Sheet, average rate for P&L, CTA posted to OCI. No manual calculations.
Auto-detected where accounts are aligned. Manual journals handle exceptions. Every entry is traceable and auditable.
IFRS 10 compliant. Acquisition, subsequent periods, and disposal all handled automatically.
The same consolidated data set powers output under IFRS, US GAAP, UK GAAP, or local standards — no duplication.
Balance Sheet at closing rate. P&L at average rate. Equity at historical rate. CTA recognised in OCI and accumulated in the CTA reserve.
Acquisition: NCI at proportionate share of net identifiable assets. Subsequent periods updated for profit/loss and dividends. Disposal derecognises and remeasures at fair value.
Revenue and cost of sales, intercompany loans and interest, dividends and unrealised profits — all eliminated at the group level with a full audit trail.
Tag entries to IFRS, US GAAP, UK GAAP, or local GAAP. Separate consolidated statements per standard, generated from the same underlying data.
Connect your entities and have a consolidated P&L in minutes. No credit card required.