Australian groups with MYOB entities across ANZ and beyond need AASB 10-compliant consolidated financials for ASIC and the ATO. BrizoConsol consolidates your entire group — MYOB AccountRight, MYOB Business, Xero, and other platforms — into one AUD-based group view.
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.
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 entityExport 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 entityEach 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 quarterLook 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 entityCross-reference intercompany invoices, loans, and transfers across companies. Build manual elimination entries. Reconcile both sides.
Half a day — every periodSum the adjusted figures across entities. Format the statements. Fix the errors the spreadsheet quietly introduced. Send to the board.
1–2 days of senior timeWhether your companies share a holding entity, operate as independent brands, or span multiple countries — BrizoConsol handles the group structure as it actually exists.
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.
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.
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.
Some entities use MYOB; others use Xero, QuickBooks, or Zoho Books. BrizoConsol connects to each platform independently and consolidates all entities together — no system is excluded from the group.
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.
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.
No implementation project. No data migration. Most groups have their first consolidated group report within the same day.
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 fileBrizoConsol'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 groupsEnter 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 setupBrizoConsol 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 dayEvery group has a wrinkle. Here is how BrizoConsol handles the ones that come up most often.
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.
All plans include unlimited users. Entity limits vary by plan.
Australian groups preparing consolidated financial statements must comply with AASB 10 Consolidated Financial Statements — the Australian equivalent of IFRS 10 — alongside ASIC reporting obligations under the Corporations Act 2001. BrizoConsol automates AASB 10-compliant consolidation for groups using MYOB, including intercompany eliminations, FCTR calculation under AASB 121, and NCI attribution.
AASB 10 requires an Australian parent entity to present consolidated financial statements combining its own financials with those of all controlled subsidiaries. BrizoConsol applies AASB 10-compliant consolidation logic — including full intercompany elimination and NCI calculation — automatically each period your MYOB companies close.
When an Australian group has foreign subsidiaries — in New Zealand, Singapore, the UK, or elsewhere — AASB 121 governs how those entities' financials are translated. BrizoConsol applies closing rates to Balance Sheet items and average rates to P&L items, and calculates the Foreign Currency Translation Reserve (FCTR) automatically.
Australian public companies and large proprietary companies must lodge consolidated financial statements with ASIC under Chapter 2M of the Corporations Act 2001. BrizoConsol produces audit-ready consolidated statements — with a full elimination audit trail — that can be handed directly to your auditors for ASIC lodgement.
Australian groups typically include AUD-based Australian entities, NZD-based New Zealand subsidiaries, and operations in Singapore, the UK, or the UAE. Many use MYOB in Australia alongside other platforms in overseas entities. BrizoConsol consolidates across MYOB and all connected platforms in a single run — AUD, NZD, SGD, GBP, and more.