Singapore groups running MYOB across multiple entities need SFRS 110-compliant consolidated statements for ACRA filing. BrizoConsol automates the full group close — intercompany eliminations, multi-currency translation, and board-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 |
MYOB is the dominant accounting platform for Australian and New Zealand businesses. Groups headquartered in Australia or New Zealand — with entities spanning AUD, NZD, and other regional currencies — are BrizoConsol's core MYOB user base. Whether you're a private equity-backed portfolio, an ASX-listed group, or a family-owned multi-entity business, BrizoConsol fits the way AU/NZ groups actually operate.
Australian groups typically operate as a Pty Ltd holding company owning one or more Pty Ltd or Ltd operating subsidiaries — often with a New Zealand arm and, increasingly, a Singapore or UK entity. BrizoConsol consolidates all entities under AASB 10, applying FCTR per AASB 121 and NCI where ownership is less than 100%.
Many Australian groups use a combination of MYOB AccountRight (for the main holding entity) and MYOB Business (for smaller subsidiaries). BrizoConsol connects to both MYOB products and consolidates them in a single run — no need to export and reconcile between products.
AU/NZ groups are a natural fit for multi-currency consolidation. BrizoConsol translates NZD entities into AUD under AASB 121 — applying closing rates to Balance Sheet items and average rates to P&L — and calculates the FCTR automatically. No separate currency workbook needed.
Australian groups that grew through acquisition often end up with some entities on MYOB and others on Xero or QuickBooks. BrizoConsol consolidates across all platforms in one run — every entity is treated equally regardless of which accounting system it uses.
Singapore groups preparing consolidated financial statements must comply with SFRS(I) 10 Consolidated Financial Statements — Singapore's equivalent of IFRS 10 — under requirements administered by ACRA under the Companies Act. BrizoConsol automates SFRS(I) 10-compliant consolidation for Singapore groups using MYOB, across SGD, MYR, INR, AUD, HKD, and other APAC currencies.
SFRS(I) 10 requires a Singapore parent entity to consolidate all entities it controls. Control is assessed using the same three-element model as IFRS 10: power over the investee, exposure to variable returns, and ability to use power to affect returns. BrizoConsol applies SFRS(I) 10-compliant logic — including full intercompany elimination and NCI — across all connected MYOB entities automatically.
Singapore groups with foreign subsidiaries apply SFRS(I) 21 The Effects of Changes in Foreign Exchange Rates. BrizoConsol applies closing rates to Balance Sheet items and average rates to P&L items for each foreign entity, calculates the Currency Translation Adjustment (CTA), and includes it in the consolidated Balance Sheet under equity — automatically, each period your MYOB companies close.
Singapore companies must file consolidated financial statements with ACRA under the Companies Act (Cap. 50). BrizoConsol produces audit-ready consolidated statements — including a full intercompany elimination audit trail — that your appointed public accountant can use directly for the annual ACRA filing. No additional spreadsheet preparation is needed.
Singapore-headquartered groups commonly span entities in Malaysia (MYR), Indonesia (IDR), India (INR), Hong Kong (HKD), Australia (AUD), and the UAE (AED). Many use MYOB in their Singapore holding entity and other platforms regionally. BrizoConsol consolidates all of these currencies in a single run — applying the correct rates under SFRS(I) 21 automatically.