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Built for MYOB Groups

MYOB Financial Consolidation

MYOB handles your entities. BrizoConsol consolidates your group — with automatic intercompany eliminations, currency translation, and board-ready reports.

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The Gap MYOB Leaves

MYOB Doesn't Consolidate Group Financials. That's Not a Criticism — It's Just a Fact.

MYOB is an excellent per-entity accounting platform. But once you have two or more companies, the group-level financials need to be assembled somewhere else. Without a consolidation layer, that somewhere else is always a spreadsheet.

No Native Cross-Company Consolidation

MYOB manages each company file independently — whether you are on AccountRight or MYOB Business. There is no built-in way to produce a consolidated P&L, Balance Sheet, or Cash Flow across multiple MYOB company files.

Intercompany Transactions Are Not Eliminated

Intercompany revenue, loans, and transfers inflate your group numbers unless manually eliminated. Neither MYOB AccountRight nor MYOB Business has any automation for this — it requires manual journal entries every period.

Mixed Systems Make It Worse

Many groups mix MYOB AccountRight, MYOB Business, and other platforms such as Xero or QuickBooks. There is no native way to consolidate across different MYOB products — let alone across different accounting platforms — without manual exports and spreadsheet assembly.

What Is MYOB Financial Consolidation?

Group Financials Pulled Directly from Your MYOB Companies

MYOB financial consolidation is the process of combining the financial data from two or more MYOB company files — whether they run on AccountRight, MYOB Business, or a mix of both — along with any entities on other platforms — into a single, accurate set of group financial statements. It requires eliminating intercompany transactions, translating foreign currencies, and handling non-controlling interests before producing a consolidated P&L, Balance Sheet, and Cash Flow.

BrizoConsol automates this entire process. It connects to each MYOB company file via OAuth — supporting both AccountRight and MYOB Business — pulls general ledger data nightly, and runs the consolidation automatically. The output is a full set of group financial statements — audit-ready, IFRS/GAAP-tagged, and available the same day your entities close.

  • Connects to MYOB AccountRight and MYOB Business company files via MYOB's OAuth 2.0
  • Eliminates intercompany transactions automatically across all connected entities
  • Translates foreign currencies using closing or average rates (IFRS / US GAAP compliant)
  • Consolidates MYOB alongside Xero, QuickBooks, MYOB, or Excel-based entities
  • Produces group P&L, Balance Sheet, and Cash Flow — no manual assembly

What MYOB Can and Can't Do

No consolidated group P&L — MYOB operates per company file. Neither AccountRight nor MYOB Business produces a cross-file consolidated P&L, Balance Sheet, or Cash Flow. You must export each file and combine manually.
No intercompany elimination — Intercompany transactions inflate group revenue unless manually reversed every period.
No multi-platform consolidation — If any entity runs on Xero or QuickBooks, MYOB can't include it in group reporting.
No currency translation at group level — CTA calculations need to be done outside MYOB for group statements.
No NCI handling — Partial ownership across subsidiaries requires manual calculation and adjustments.
BrizoConsol for MYOB Groups

The Consolidation Layer That MYOB Groups Are Missing

Everything your group consolidation needs, automated. Connected to your MYOB companies via a read-only OAuth integration.

Direct MYOB Integration via OAuth

Connect each MYOB company file in two steps: authenticate via your my.MYOB account, then select the specific company file. MYOB requires the connecting user to have Administrator access to the company file. BrizoConsol reads your general ledger, chart of accounts, and AR/AP data — credentials are never stored, and access is read-only.

AccountRight & MYOB Business · Read-only

Automatic Intercompany Elimination

BrizoConsol detects intercompany transactions across your MYOB company files and eliminates them automatically — across AccountRight and MYOB Business files in the same group. Every adjustment is fully traceable with an audit trail — no manual journal entries needed.

Auto-detect · Audit trail

Multi-Currency Consolidation (CTA/FCTR)

Each MYOB company file can operate in its local currency — both AccountRight and MYOB Business. BrizoConsol applies closing and average exchange rates automatically, calculates the currency translation adjustment, and includes it in the consolidated Balance Sheet.

IFRS · US GAAP · UK GAAP

Consolidate Across Mixed Accounting Systems

Not all your entities use MYOB? BrizoConsol also connects to Xero, QuickBooks, and MYOB. Every entity is treated equally in the consolidation, regardless of which platform it runs on.

MYOB + Xero + QuickBooks + MYOB

Virtual Groups for Flexible Reporting

Report by region, business line, or ownership structure without changing your legal entity setup. Virtual Groups let you slice the same underlying data differently for management reporting.

Management reporting

Non-Controlling Interest (NCI) Handling

If you own less than 100% of any subsidiary, BrizoConsol calculates the NCI share automatically. Net profit and equity are split between group and minority interest in compliant statements.

IFRS 10 · ASC 810 · FRS 102
What You Get

The Financial Statements Your MYOB Group Needs

Every consolidation run produces a complete set of group financial outputs — ready to share, export, or present to a board.

Consolidated P&L

Group revenue, cost, gross profit, and net profit across all MYOB company files and other entities. Intercompany revenue eliminated automatically.

Consolidated Balance Sheet

Fully eliminated, fully balanced. Intercompany balances removed. CTA included in equity. NCI calculated and disclosed.

Consolidated Cash Flow

Group-level liquidity view. Cash position across all entities, with intercompany cash transfers stripped out.

Intercompany Elimination Report

A full record of every intercompany transaction eliminated — categorised by type, amount, and entity pair. Auditor-ready.

Group Dashboards

Real-time group performance, entity-level breakdowns, AR aging, cash position, and margin by entity — updated with each sync.

Entity-Level Reports

Drill into any individual MYOB company file's financials — AccountRight and Business files both fully supported. Compare entity performance within the consolidated group view.

Setup

From MYOB to Consolidated Reports in Three Steps

No implementation consultants. No data migration. Most groups have their first consolidated group report the same day they connect.

Connect Your MYOB Companies

Go to Organisation Settings in BrizoConsol and connect each MYOB company file. The connection uses MYOB's OAuth 2.0 in two steps: first authenticate via your my.MYOB account, then select the specific company file. The user completing this step must be an Administrator on the company file. BrizoConsol never stores your credentials — read-only access only. The initial sync happens immediately after authorisation.

Map Accounts and Set Consolidation Rules

BrizoConsol's AI Auto-Map matches your MYOB chart of accounts to your group reporting structure. Flag intercompany accounts, set currency rates, and define ownership percentages. Typically takes under 30 minutes.

Run Your Group Consolidation

BrizoConsol applies eliminations, CTA, and NCI calculations automatically. Your consolidated P&L, Balance Sheet, and Cash Flow are ready. From that point, data syncs nightly — reports are always current.

Consolidation Capabilities

What BrizoConsol Handles for MYOB Groups

A direct comparison of what MYOB provides natively versus what BrizoConsol adds for multi-entity group consolidation.

Consolidation Requirement MYOB Only With BrizoConsol
Consolidated P&L across MYOB company files Not available Automated
Consolidated Balance Sheet Manual export required Fully eliminated, audit-ready
Consolidated Cash Flow Statement Not available cross-org Group view with interco removed
Intercompany elimination Manual journals required Auto-detected and eliminated
Currency translation (CTA/FCTR) Manual calculation Automated per IFRS / US GAAP
Non-controlling interest (NCI) Manual adjustment Auto-calculated
Consolidate across Xero / QuickBooks / MYOB Not supported Native multi-platform support
IFRS / US GAAP / UK GAAP tagging Not available Per-entry accounting standard tags
Virtual Groups for management reporting Not available Slice by region, brand, or division
Audit trail for all adjustments Manual documentation Full traceable audit trail
Frequently Asked Questions

MYOB Financial Consolidation — Questions Answered

MYOB does not have native financial consolidation. It is designed to manage accounting within a single organisation. While you can create multiple organisations in MYOB, there is no built-in mechanism to produce a consolidated P&L, consolidated Balance Sheet, or consolidated Cash Flow across them. Groups using MYOB need a dedicated consolidation tool — such as BrizoConsol — to produce group-level financial statements.
Connect each MYOB company to BrizoConsol via MYOB's OAuth. BrizoConsol pulls your general ledger data, maps accounts to a group chart of accounts using AI Auto-Map, and runs the full consolidation automatically — eliminating intercompany transactions, applying currency translation, and producing a consolidated P&L, Balance Sheet, and Cash Flow. Most groups complete this setup and have their first consolidated report on the same day.
Yes. BrizoConsol is built for mixed-platform groups. If some entities run on MYOB and others on Xero, QuickBooks, or MYOB, BrizoConsol connects to each platform independently and consolidates all entities into a single group view. Every entity is treated equally regardless of which accounting system it uses.
BrizoConsol detects intercompany transactions automatically when the same account code appears across connected entities, or when intercompany accounts are flagged during setup. Eliminations are applied automatically in the consolidation run. Every elimination entry is logged with a full audit trail — the originating entities, amounts, and basis. Manual elimination entries are also supported for complex group adjustments.
Yes. Each MYOB company file can operate in its own local currency — AUD, NZD, SGD, GBP, or any other. This applies to both AccountRight and MYOB Business files within the same group consolidation. BrizoConsol applies closing rates to Balance Sheet items and average rates to P&L items, calculating the currency translation adjustment (CTA) automatically. The CTA is included in the consolidated Balance Sheet under equity, consistent with IFRS (IAS 21), US GAAP (ASC 830), and UK GAAP (FRS 102) requirements.
BrizoConsol produces a full consolidated financial statement pack: a consolidated P&L (Profit and Loss), consolidated Balance Sheet, consolidated Cash Flow Statement, intercompany elimination report, and group-level dashboards. All statements are generated automatically from synced MYOB data, with no manual assembly required.
BrizoConsol connects to MYOB using a two-step process: first OAuth 2.0 authentication via your my.MYOB account, then company file selection and authorisation. Since March 2025, MYOB requires Administrator-level access to approve OAuth connections — if the connecting user is not a company file administrator, the authorisation will fail. Authorisation happens entirely on MYOB's own screens — BrizoConsol never sees your password. Access is read-only: BrizoConsol can pull financial data but cannot write to, modify, or delete anything in your MYOB company files. OAuth tokens are encrypted in transit and at rest.
OAuth authorisation takes a few minutes per MYOB company. Account mapping with AI Auto-Map typically takes under 30 minutes for most groups. An initial data sync completes automatically after setup. Most groups run their first consolidated group report on the same day they connect — without any implementation consultants or onboarding calls.

Related guides

Group Consolidation Intercompany Elimination Month-End Consolidation Excel vs BrizoConsol

Your MYOB Group Deserves a Proper Consolidation.

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