UAE and GCC groups on MYOB AccountRight or MYOB Business must produce IFRS 10-compliant consolidated financial statements under UAE Commercial Companies Law and SCA regulations. BrizoConsol automates the full group close — intercompany eliminations, AED-based currency translation, and audit-ready reports.
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.
Everything your group consolidation needs, automated. Connected to your MYOB companies via a read-only OAuth integration.
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-onlyBrizoConsol 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 trailEach 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 GAAPNot all your entities use MYOB? BrizoConsol also connects to Xero, QuickBooks, and Zoho Books. Every entity is treated equally in the consolidation, regardless of which platform it runs on.
MYOB + Xero + QuickBooks + Zoho BooksReport 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 reportingIf 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 102Every consolidation run produces a complete set of group financial outputs — ready to share, export, or present to a board.
Group revenue, cost, gross profit, and net profit across all MYOB company files and other entities. Intercompany revenue eliminated automatically.
Fully eliminated, fully balanced. Intercompany balances removed. CTA included in equity. NCI calculated and disclosed.
Group-level liquidity view. Cash position across all entities, with intercompany cash transfers stripped out.
A full record of every intercompany transaction eliminated — categorised by type, amount, and entity pair. Auditor-ready.
Real-time group performance, entity-level breakdowns, AR aging, cash position, and margin by entity — updated with each sync.
Drill into any individual MYOB company file's financials — AccountRight and Business files both fully supported. Compare entity performance within the consolidated group view.
No implementation consultants. No data migration. Most groups have their first consolidated group report the same day they connect.
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.
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.
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.
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 |
UAE groups with Australian parent entities or cross-listed structures often rely on MYOB AccountRight or MYOB Business for their Australian operations, with separate systems for UAE and GCC entities. BrizoConsol consolidates MYOB entities alongside any other platform your UAE and GCC subsidiaries use — AED, AUD, SAR, QAR, INR, and other currencies all translated under IAS 21 automatically.
Australian groups expanding into the UAE or GCC often keep MYOB AccountRight or MYOB Business for their Australian entities while adding a UAE holding or operating entity. BrizoConsol consolidates MYOB entities alongside the UAE entity — IAS 21 AED→AUD translation applied automatically each period with full intercompany elimination.
Groups headquartered in the UAE with MYOB-based subsidiaries in Australia and New Zealand consolidate across three currencies: AED, AUD, and NZD. BrizoConsol handles all three under IAS 21, producing a group consolidated view in the reporting currency of your choice.
BrizoConsol supports both MYOB AccountRight and MYOB Business — groups can consolidate entities across both product lines in a single view. Whether your UAE-linked Australian entities use AccountRight for desktop-based accounting or MYOB Business for cloud-based operations, BrizoConsol connects to both.
UAE and GCC groups with MYOB in Australia and Zoho Books or Xero in regional subsidiaries can consolidate all platforms simultaneously. BrizoConsol connects to each platform independently — the group consolidation includes all accounting systems in one run.
UAE groups preparing consolidated financial statements must comply with IFRS 10 Consolidated Financial Statements, as adopted under the UAE Commercial Companies Law (Federal Law No. 32 of 2021) and enforced by the Securities and Commodities Authority (SCA) for listed companies. DIFC and ADGM entities are subject to their own regulators but also follow IFRS. BrizoConsol automates IFRS 10-compliant consolidation for MYOB groups across the UAE and GCC — including intercompany eliminations, AED-based currency translation under IAS 21, and NCI attribution.
IFRS 10 requires a UAE parent entity to consolidate all subsidiaries it controls. The UAE has mandated IFRS for listed companies under SCA regulations, and most large private groups also prepare IFRS-compliant statements for banking and investor reporting. BrizoConsol applies IFRS 10-compliant consolidation logic — including full intercompany elimination and NCI — across all connected MYOB entities automatically.
UAE groups with foreign subsidiaries — in Saudi Arabia (SAR), India (INR), the UK (GBP), or elsewhere — apply IAS 21 The Effects of Changes in Foreign Exchange Rates. BrizoConsol translates each foreign entity's financials at closing rates (Balance Sheet) and average rates (P&L), calculates the Currency Translation Adjustment (CTA), and includes it in the consolidated Balance Sheet under equity — automatically each period.
UAE listed companies file consolidated financial statements with the Securities and Commodities Authority (SCA). DIFC-incorporated entities are regulated by the DFSA under DIFC Law, while ADGM entities fall under FSRA rules — both require IFRS-compliant consolidated accounts. BrizoConsol produces audit-ready consolidated statements with a full elimination audit trail for submission to your appointed auditors and regulator.
UAE-headquartered groups typically span entities in Saudi Arabia (SAR), Qatar (QAR), Kuwait (KWD), India (INR), the UK (GBP), and the US (USD) — each requiring AED translation under IAS 21. Many use MYOB in their UAE holding entity and other platforms regionally. BrizoConsol consolidates AED, SAR, QAR, KWD, INR, GBP, and USD entities in a single run, applying IAS 21-compliant rates automatically.