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Multiple MYOB Companies

MYOB Group Consolidation

You run multiple MYOB companies. BrizoConsol consolidates your entire group into one view — with intercompany eliminations handled automatically.

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The Problem With Multiple MYOB Companies

Every Month-End Becomes a Manual Assembly Job

MYOB works well inside each company. The problem is what happens when you need to see across all of them. Without a consolidation tool, every group reporting cycle looks the same.

Typical month-end for a multi-company MYOB group
1

Open each MYOB company file separately

AccountRight users must open each company file from the MYOB hub. MYOB Business users log into each business account separately. Both require individual authentication steps, and switching between files or accounts breaks flow and introduces errors.

~15 min per entity
2

Export trial balances or P&L reports from each

Export a Trial Balance from each company file (Reports → Accounts in AccountRight; Reports in MYOB Business). AccountRight exports tab-delimited files; MYOB Business exports CSV — different column layouts, different date formats, requiring manual reconciliation before you can map accounts across entities.

~20 min per entity
3

Map each company's accounts to a common structure

Each MYOB company has its own chart of accounts. You build (and rebuild) a mapping spreadsheet to standardise them across the group.

1–2 hrs — rebuilds every quarter
4

Convert currencies manually

Look up exchange rates, apply closing vs average rate logic, build the currency translation calculation — for every entity in a foreign currency.

30–60 min per foreign entity
5

Identify and eliminate intercompany transactions

Cross-reference intercompany invoices, loans, and transfers across companies. Build manual elimination entries. Reconcile both sides.

Half a day — every period
6

Assemble a group P&L and Balance Sheet in Excel

Sum the adjusted figures across entities. Format the statements. Fix the errors the spreadsheet quietly introduced. Send to the board.

1–2 days of senior time

What this actually costs

3–5
Days the average multi-company MYOB group spends on manual consolidation each month
1 in 3
Finance leaders report finding consolidation errors after reports have already been shared with the board
0
Native tools in MYOB for cross-company consolidation — all of this happens outside the platform
BrizoConsol eliminates steps 1–6 entirely. Connect your MYOB companies once — consolidation runs automatically from that point.
Every Group Structure Supported

It Doesn't Matter How Your MYOB Companies Are Structured

Whether your companies share a holding entity, operate as independent brands, or span multiple countries — BrizoConsol handles the group structure as it actually exists.

HoldCo / SubCo

Holding Company with Operating Subsidiaries

A parent company owns and controls one or more MYOB subsidiaries. BrizoConsol consolidates all entities under the group — including partial ownership with automatic NCI calculation.

Common for: Private equity portfolios, family business groups, investment holding structures
Regional Entities

Same Business, Multiple Countries

Each country or region runs its own MYOB company in its local currency. BrizoConsol consolidates all regional entities into one group view with full currency translation applied automatically.

Common for: APAC groups, Middle East + India operations, UK/EU/US split structures
Brand Portfolio

Multiple Brands Under One Owner

Each brand trades through its own company with its own MYOB company. BrizoConsol produces a consolidated group view and lets you slice the data by brand using Virtual Groups.

Common for: F&B groups, retail chains, franchise operations, media companies
Mixed Platforms

MYOB + Other Accounting Systems

Some entities use MYOB; others use Xero, QuickBooks, or MYOB. BrizoConsol connects to each platform independently and consolidates all entities together — no system is excluded from the group.

Common for: Groups that grew through acquisition, cross-border structures with inherited systems
Shared Services

Central Costs Allocated Across Entities

A management company or shared services entity charges fees to operating subsidiaries. BrizoConsol eliminates these intercompany charges automatically and lets you view net performance at group level.

Common for: Professional services groups, managed service organisations, corporate groups
Joint Ventures

Partial Ownership and Minority Interests

You own less than 100% of one or more subsidiaries. BrizoConsol calculates non-controlling interest (NCI) automatically, splitting net profit and equity between group and minority interest in the consolidated statements.

Common for: JV structures, minority-owned associates, 51%/49% partnerships

Setup

Connect Your MYOB Company Files. Consolidation Runs Itself.

No implementation project. No data migration. Most groups have their first consolidated group report within the same day.

Connect Each MYOB Company

From Organisation Settings, connect each MYOB company file using MYOB's OAuth 2.0. The process is two steps: first authenticate via your my.MYOB account, then select and authorise the specific company file. The user completing this must be an Administrator on the company file — MYOB requires administrator access for all OAuth approvals since March 2025. BrizoConsol never stores your credentials and cannot modify your MYOB data.

~5–10 min per company file

Map Accounts to Your Group Structure

BrizoConsol's AI Auto-Map reads each MYOB company's chart of accounts and suggests mappings to your group reporting structure. Review and confirm — you don't need identical account codes across companies. Each company can keep its own chart of accounts.

AI-assisted · Under 30 min for most groups

Set Ownership and Currency Rules

Enter each company's ownership percentage, base currency, and fiscal year. For partially owned subsidiaries, BrizoConsol uses the ownership percentage to calculate non-controlling interest automatically.

One-time setup

Run Your First Group Consolidation

BrizoConsol pulls data from every connected MYOB company, applies eliminations, translates currencies, and produces your consolidated group P&L, Balance Sheet, and Cash Flow. From this point, data syncs nightly — your group view stays current automatically.

Reports available same day
Group Entities — Connected
AU HoldCo Pty Ltd
AUD · MYOB AccountRight · 100%
Synced
NZ SubCo Limited
NZD · MYOB Business · 100%
Synced
SG Entity Pte Ltd
SGD · MYOB Business · 80%
Synced
AU Subsidiary Pty Ltd
GBP · Xero · 100%
Synced
Consolidation run Today 07:14 AM
Interco entries eliminated 14 entries
Currencies translated NZD, SGD, GBP → AUD
NCI calculated SG Entity (20%)
Reports ready P&L · BS · CF
Common Questions from MYOB Groups

Situations That Come Up in Real Multi-Company Groups

Every group has a wrinkle. Here is how BrizoConsol handles the ones that come up most often.

Our MYOB companies have different fiscal years. Can you still consolidate?
Yes. BrizoConsol lets you define the fiscal year per entity. Consolidation reports are produced for your chosen group reporting period — each entity's data is aligned to that period regardless of when its own fiscal year starts.
Some intercompany transactions aren't showing up in both companies. What happens?
BrizoConsol flags mismatched intercompany balances — where one side of a transaction is recorded but the other is missing or doesn't reconcile. These appear in the elimination review before the consolidation is finalised, so you can correct them before the report is produced.
We own 75% of one subsidiary. How does partial ownership work?
Enter 75% as the ownership percentage for that entity. BrizoConsol fully consolidates the subsidiary's revenue, costs, and assets (as required under IFRS 10 and US GAAP ASC 810), then calculates the 25% non-controlling interest (NCI) automatically and presents it separately in the consolidated P&L and equity section of the Balance Sheet.
One of our companies uses a different accounting software, not MYOB. Can it be included?
Yes. BrizoConsol connects to Xero, QuickBooks, and MYOB as well as MYOB. Each entity connects via its own native integration. You can also import trial balances via Excel for entities that don't use a supported platform. All entities consolidate into the same group view.
Our chart of accounts is different across MYOB companies. Do we need to standardise first?
No. BrizoConsol's AI Auto-Map handles account mapping as part of setup. Each MYOB company keeps its own chart of accounts — BrizoConsol maps each company's accounts to the group reporting structure independently, with no changes required in MYOB itself.
We need to report by region as well as the legal group. Is that possible?
Yes, through Virtual Groups. You can create a Virtual Group that slices the same entities by region, business line, or brand — without changing the legal consolidation structure. The same underlying data can produce both a statutory group view and multiple management reporting views simultaneously.
How Many Companies?

From Two Companies to Twenty.

BrizoConsol is built for groups of all sizes. Whether you're consolidating two MYOB companies for the first time, or managing a complex group with dozens of entities across multiple countries and platforms, the consolidation process scales without additional configuration.

2 entities
2
5 entities
5
10 entities
10
20+ entities
20+

All plans include unlimited users. Entity limits vary by plan.

Entities by plan
Starter Up to 3 entities
Growth Up to 6 entities
Scale Up to 12 entities
Enterprise Unlimited entities
View full pricing →
Frequently Asked Questions

MYOB Group Consolidation — Questions Answered

Yes, with a dedicated consolidation tool. MYOB does not support consolidation across multiple companies natively — it manages accounting within each company separately. BrizoConsol connects to each MYOB company via OAuth, pulls general ledger data from all of them, eliminates intercompany transactions, and produces a full set of consolidated group financial statements.
MYOB group consolidation is the process of combining the financial statements of two or more MYOB companies into a single set of group accounts. The process requires eliminating intercompany transactions between the companies, converting foreign currencies into a single reporting currency, handling non-controlling interests where ownership is less than 100%, and producing a consolidated P&L, Balance Sheet, and Cash Flow that reflects the economic group as a whole — not the sum of individual entities.
BrizoConsol consolidates any number of MYOB companies. Starting plans support up to 3 entities; higher plans support 6, 12, or unlimited entities. There is no technical limit at the platform level — the entity cap is a commercial plan boundary, not a platform constraint.
No. BrizoConsol consolidates mixed-platform groups. Companies on Xero, QuickBooks, or MYOB can be included in the same group consolidation as your MYOB companies. Each platform connects via its own native integration. You can also import data via Excel for entities that don't use a supported accounting system.
No. BrizoConsol's AI Auto-Map handles account mapping during setup. Each MYOB company maps its own chart of accounts to your group reporting structure independently. Companies do not need standardised account codes before you can consolidate. No changes are required inside any MYOB company.
BrizoConsol handles multi-country groups. Each MYOB company operates in its local currency — INR, AED, SGD, GBP, or any other. BrizoConsol converts each entity's financials into the group reporting currency automatically, applying closing rates to balance sheet items and average rates to P&L items, consistent with IFRS (IAS 21), US GAAP (ASC 830), and UK GAAP (FRS 102).
BrizoConsol detects intercompany transactions automatically when the same account code appears across connected MYOB companies, or when accounts are flagged as intercompany during setup. Eliminations are calculated and applied automatically in each consolidation run. Every elimination entry is recorded with a full audit trail — entity pair, transaction type, amount, and date. Manual elimination entries are also supported for adjustments that require human judgement.
No. BrizoConsol sits on top of MYOB, not in place of it. Each company continues to do its day-to-day bookkeeping in MYOB exactly as before. BrizoConsol reads the data from MYOB and uses it to produce the group-level view — it does not change, replace, or interfere with how your companies manage their accounting.

Related guides

Financial Consolidation Intercompany Elimination Month-End Consolidation Excel vs BrizoConsol

Your MYOB Companies.
One Group View.

Connect your MYOB companies today and get your first consolidated group report — without a single spreadsheet.

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