UK groups on MYOB must produce FRS 102 Section 9-compliant consolidated financial statements under the Companies Act 2006. BrizoConsol automates the full group close — intercompany eliminations, GBP-based currency translation under FRS 102 Section 30, and Companies House-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 · FRS 102 · Companies Act 2006Every 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 |
UK groups with Australian or New Zealand subsidiaries using MYOB AccountRight or MYOB Business need a consolidation layer that spans GBP, AUD, and NZD. BrizoConsol consolidates MYOB entities alongside any other platform your UK and international entities use — all currencies translated under FRS 102 Section 30 automatically.
UK-headquartered groups with Australian subsidiaries on MYOB AccountRight or MYOB Business consolidate GBP and AUD in BrizoConsol. FRS 102 Section 30 AUD→GBP translation is applied automatically — closing rates for Balance Sheet, average rates for P&L — with full intercompany elimination each period.
Groups spanning the UK, Australia, and New Zealand consolidate three currencies across three time zones. BrizoConsol handles GBP, AUD, and NZD under FRS 102 Section 30, producing a single consolidated view in GBP automatically each period.
BrizoConsol supports both MYOB AccountRight and MYOB Business — UK groups can consolidate Australian entities across both MYOB product lines in a single view. Whether your Australian subsidiaries use AccountRight or MYOB Business, BrizoConsol connects to both.
UK groups with MYOB in Australian entities and Xero or QuickBooks in UK or US entities can consolidate all platforms simultaneously. BrizoConsol connects to each platform independently — the group consolidation runs across all accounting systems in one view.
UK groups preparing consolidated financial statements must comply with FRS 102 Section 9 Consolidated and Separate Financial Statements under the Companies Act 2006. Listed companies on AIM or the LSE follow IFRS 10. BrizoConsol automates FRS 102-compliant consolidation for MYOB groups across the UK — including intercompany eliminations, GBP-based currency translation under FRS 102 Section 30, and NCI attribution.
FRS 102 Section 9 requires a UK parent entity to consolidate all subsidiaries it controls under the Companies Act 2006. BrizoConsol applies FRS 102 Section 9-compliant consolidation logic — including full intercompany elimination and NCI — across all connected MYOB entities automatically each period your companies close.
UK groups with foreign subsidiaries — in the EU (EUR), Australia (AUD), the US (USD), or Asia — apply FRS 102 Section 30 for currency translation. BrizoConsol translates each foreign entity at closing rates (Balance Sheet) and average rates (P&L), calculates the translation reserve, and includes it in equity — automatically each period.
UK parent companies must file consolidated financial statements with Companies House under the Companies Act 2006. The Financial Reporting Council (FRC) sets UK accounting standards. BrizoConsol produces audit-ready consolidated statements with a full elimination audit trail, ready for your auditors and Companies House submission.
UK-headquartered groups typically span entities in the EU (EUR), Australia (AUD), the US (USD), Asia, and the Middle East — each requiring GBP translation under FRS 102 Section 30. Many use MYOB in their UK holding entity alongside other platforms regionally. BrizoConsol consolidates GBP, EUR, USD, AUD, AED, and other currencies in a single run automatically.