Connect your entities and BrizoConsol identifies matching intercompany transactions and eliminates them — revenue, loans, dividends, and management fees. Manual entries where you need them, full audit trail throughout.
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Every entity in a group trades with the others — revenue, loans, dividends, management fees. Every one of those transactions needs to be eliminated before you can sign off on consolidated financials. Most tools leave you to find, match, and post them by hand.
| Scenario | What most tools do | What BrizoConsol does |
|---|---|---|
| Intercompany revenue & expenses | Export both entities, manually match pairs, post a journal in a spreadsheet | Auto-detected when charts of accounts are aligned — eliminated without any manual input |
| Intercompany loans | No matching — receivable and payable sit on the balance sheet unchecked | IC receivable and payable matched and eliminated automatically each period |
| Intercompany dividends | Dividend income stays on the parent P&L — double-counted in the group | Dividend income eliminated against the subsidiary's retained earnings automatically |
| Unrealised profit in inventory | Requires manual calculation and journal every period — often missed | Post a manual elimination with full traceability — flows directly into consolidated P&L and inventory |
| Elimination audit trail | Spreadsheet rows — no timestamp, no author, no traceability to the source transaction | Every entry logged with date, type, entity pair, and amount — auditor-ready on demand |
| Checking completeness before close | Manual reconciliation across entities — easy to miss a balance | Elim Validation flags unmatched IC balances before you close — nothing slips through |
The intercompany sidebar separates elimination entries by type — trade balances, loans, dividends, fixed assets — so you can work through each category in sequence rather than managing everything from one list.
BrizoElim is BrizoConsol's AI elimination engine. It removes the manual effort of identifying, matching, and posting intercompany entries — through two distinct modes that work together.
BrizoElim scans your intercompany accounts on every consolidation run, detects matching pairs, and posts the elimination entries — no manual input required. When a difference is found, it pre-populates an FX treatment for your review before you confirm.
BrizoElim analyses your accounts and intercompany relationships to propose named elimination rules — for example, "always eliminate IC Revenue (HoldCo) against IC Expense (OpCo SG)". Approve the rules once; those pairs eliminate automatically every period from that point forward.
| Transaction | Entity A | Entity B | Amount |
|---|---|---|---|
| IC Revenue / Expense | HoldCo | OpCo SG | $124,000 |
| IC Revenue / Expense | HoldCo | OpCo AU | $88,400 |
| IC Loan | HoldCo | OpCo HK | $250,000 |
| IC Dividend | OpCo SG | HoldCo | $40,000 |
| Total Auto-Eliminated | $502,400 | ||
Not every elimination can be automated. Unrealised profits, management fees, and fair value adjustments require judgement. Manual elimination entries are fully traceable and flow directly into consolidated reports on save.
Intercompany balances rarely eliminate to exactly zero — timing differences, FX movements, and treatment choices all create variances. BrizoConsol gives you three named treatment types and lets you mix them on a single elimination until the difference is fully allocated.
The variance is a currency translation difference. Posted to an FX gain or loss account at group level — the standard treatment for exchange rate movements on intercompany balances between entities transacting in different currencies.
One entity recorded the transaction in a different period. The variance is allocated to the subsidiary to be resolved when the matching entry is posted in the correct period — no forced write-off.
The difference is immaterial or irrecoverable and is written off at group level. This closes the elimination without requiring a corresponding entry in either entity's books.
Add as many treatment lines as needed on a single elimination — a partial FX treatment and a partial timing allocation are both valid. A live running total shows what has been Allocated and what remains. When Remaining reaches zero, the status updates to Difference fully allocated and you can confirm the entry.
Each treatment line includes a Justification field. Document why a treatment was chosen directly on the elimination entry — "FX variance on USD/SGD settlement, below materiality threshold" or "timing difference: invoice raised in July, received in August". The justification is visible on the confirmed entry, so auditors can trace every decision without a separate file.
Sales from one entity to another inflate group revenue. Matching IC revenue and expense pairs are detected and eliminated automatically when account codes align across entities.
Loans between group entities create a receivable on one side and a payable on the other. BrizoConsol eliminates both sides — the balance sheet is clean without any manual matching.
Dividends paid by a subsidiary show up as income at the parent. BrizoConsol eliminates dividend income against the subsidiary's retained earnings — no double-counting in the group P&L.
Fees charged by a holding company to its subsidiaries are intercompany in nature. Post a manual elimination — the fee income and expense are both removed from the group P&L.
When one entity sells goods to another at a mark-up and the buyer still holds stock, the profit is unrealised at group level. IFRS requires elimination — post a manual entry, BrizoConsol handles the rest.
Before closing, Elim Validation scans for unmatched intercompany balances across all entities. Any discrepancy is flagged before it reaches your consolidated statements — not after.
Auditors need to trace every elimination back to a source. The Elimination & Journals Report gives them a complete, time-stamped log of every auto and manual entry across every period.
| Type | Description | Amount |
|---|---|---|
| Auto | IC Revenue — HoldCo → OpCo SG | $124,000 |
| Auto | IC Loan — HoldCo ↔ OpCo HK | $250,000 |
| Manual | Unrealised profit — OpCo AU | $18,500 |
| Manual | Management fee — OpCo US | $32,000 |
| Total Eliminated | $553,000 | |
Auto and manual intercompany eliminations, the Elim Validation tool, and the Elimination & Journals Report are all included — no add-ons required.
No credit card required · 30 days full access
Also in Pro: NCI → · CTA / FCTR → · Step Acquisitions →
Auto-detect matching transactions. Post manual entries where you need them. Close the books with nothing uneliminated.
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