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QuickBooks Group Consolidation · United States

QuickBooks Group Consolidation
for US Groups

US-based groups running QuickBooks Online need ASC 810-compliant group consolidation in USD. BrizoConsol consolidates your QuickBooks companies alongside MYOB, Xero, and Zoho Books entities from international subsidiaries — one group view, one reporting currency.

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The Problem With Multiple QuickBooks Companies

Every Month-End Becomes a Manual Assembly Job

QuickBooks Online 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 QuickBooks group
1

Log into each QuickBooks Online company separately

Each QuickBooks Online company is a separate subscription with its own login. There is no multi-company dashboard in QBO — you switch between companies manually. Switching between them repeatedly breaks flow and creates risk of error.

~15 min per entity
2

Export trial balances or P&L reports from each

Export a Trial Balance from each QuickBooks Online company (Reports → Trial Balance). Each company has its own chart of accounts — account codes and names differ across companies, requiring manual remapping before you can combine anything.

~20 min per entity
3

Map each company's accounts to a common structure

Each QuickBooks Online 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 QuickBooks 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 QuickBooks for cross-company consolidation — all of this happens outside the platform
BrizoConsol eliminates steps 1–6 entirely. Connect your QuickBooks companies once — consolidation runs automatically from that point.
Every Group Structure Supported

It Doesn't Matter How Your QuickBooks 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 QuickBooks 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 QuickBooks 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 QuickBooks 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

QuickBooks + Other Accounting Systems

Some entities use QuickBooks; others use Xero, MYOB, or Zoho Books. 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 QuickBooks Companies. Consolidation Runs Itself.

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

Connect Each QuickBooks Company

From Organisation Settings, authorise each QuickBooks Online company through Intuit's OAuth screen. One authorisation per company — BrizoConsol never stores your QuickBooks credentials. Access is read-only; your QuickBooks data is never modified.

~5 min per company

Map Accounts to Your Group Structure

BrizoConsol's AI Auto-Map reads each QuickBooks 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 QuickBooks 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
US HoldCo Inc
USD · QuickBooks Online · 100%
Synced
CA Entity Inc
CAD · QuickBooks Online · 100%
Synced
UK SubCo Ltd
GBP · QuickBooks Online · 80%
Synced
AU Subsidiary Pty Ltd
AUD · Xero · 100%
Synced
Consolidation run Today 07:14 AM
Interco entries eliminated 14 entries
Currencies translated CAD, GBP, AUD → USD
NCI calculated UK SubCo (20%)
Reports ready P&L · BS · CF
Common Questions from QuickBooks 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 QuickBooks 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 QuickBooks. Can it be included?
Yes. BrizoConsol connects to Xero, QuickBooks, and MYOB as well as QuickBooks. 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 QuickBooks companies. Do we need to standardise first?
No. BrizoConsol's AI Auto-Map handles account mapping as part of setup. Each QuickBooks company keeps its own chart of accounts — BrizoConsol maps each company's accounts to the group reporting structure independently, with no changes required in QuickBooks 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 QuickBooks 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

QuickBooks Group Consolidation — Questions Answered

Yes, with a dedicated consolidation tool. QuickBooks does not support consolidation across multiple companies natively — it manages accounting within each company separately. BrizoConsol connects to each QuickBooks company via OAuth, pulls general ledger data from all of them, eliminates intercompany transactions, and produces a full set of consolidated group financial statements.
QuickBooks group consolidation is the process of combining the financial statements of two or more QuickBooks 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 QuickBooks 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 QuickBooks 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 QuickBooks 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 QuickBooks company.
BrizoConsol handles multi-country groups. Each QuickBooks 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 QuickBooks 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 QuickBooks, not in place of it. Each company continues to do its day-to-day bookkeeping in QuickBooks exactly as before. BrizoConsol reads the data from QuickBooks and uses it to produce the group-level view — it does not change, replace, or interfere with how your companies manage their accounting.
US GAAP Regulatory Context

ASC 810 Consolidation Requirements for US Groups Using QuickBooks

US groups preparing consolidated financial statements under US GAAP must comply with ASC 810 Consolidation, with foreign currency translation governed by ASC 830 Foreign Currency Matters. BrizoConsol automates ASC 810-compliant consolidation for US groups using QuickBooks, including NCI attribution under ASC 810-10-45 and CTA calculation under ASC 830 included in Other Comprehensive Income (OCI).

ASC 810 — Consolidation

ASC 810 requires a US parent entity to consolidate all subsidiaries it controls through a majority voting interest or through variable interest entity (VIE) relationships. NCI (non-controlling interest) is presented separately within equity under ASC 810-10-45. BrizoConsol applies ASC 810-compliant logic — including full intercompany elimination and NCI attribution — across all connected QuickBooks entities automatically.

ASC 830 — Foreign Currency Translation (CTA)

US groups with foreign subsidiaries apply ASC 830 Foreign Currency Matters. BrizoConsol applies the current rate method — closing rates to Balance Sheet items, weighted average rates to P&L — and calculates the Cumulative Translation Adjustment (CTA). The CTA is included in Other Comprehensive Income (OCI) in the consolidated Balance Sheet, consistent with ASC 220 and ASC 830 requirements.

SEC Reporting and Audit Readiness

US public companies filing with the SEC under Regulation S-X must present consolidated financial statements audited by a PCAOB-registered firm. BrizoConsol produces audit-ready consolidated output — with full elimination audit trails and period-by-period CTA schedules — that can be handed directly to your external auditors. All adjustments are traceable to the originating QuickBooks entity and transaction.

Typical US Group Structure

US-based groups typically operate subsidiaries in Canada (CAD), the UK (GBP), Australia (AUD), India (INR), and the UAE (AED) — each requiring USD translation under ASC 830. Many use QuickBooks in their US entities and Xero, MYOB, or other platforms overseas. BrizoConsol consolidates all of these currencies in a single run, applying ASC 830-compliant rates automatically.

US-Specific Questions

Common Questions from US Groups Using QuickBooks

Yes. BrizoConsol applies ASC 810-compliant consolidation logic for US groups using QuickBooks. This includes full intercompany elimination across all connected entities, NCI calculation and presentation consistent with ASC 810-10-45, and foreign currency translation under ASC 830. The consolidated output — P&L, Balance Sheet, Cash Flow, and intercompany elimination schedule — is audit-ready for your external auditors.
BrizoConsol applies the current rate method required by ASC 830. For each foreign subsidiary, Balance Sheet items are translated at the period-end closing rate and P&L items at the weighted average rate for the period. The resulting Cumulative Translation Adjustment (CTA) is calculated automatically and presented in Other Comprehensive Income (OCI) within the consolidated Balance Sheet — consistent with ASC 220 and ASC 830. The CTA movement by entity is available for each reporting period.
Yes. US groups frequently use QuickBooks in their domestic entities and Xero, MYOB, Zoho Books, or other platforms in their overseas subsidiaries. BrizoConsol connects to each accounting platform independently and consolidates all entities into a single US GAAP-compliant group view — applying ASC 830 currency translation and ASC 810 eliminations across all connected platforms simultaneously.

Related guides

Financial Consolidation Intercompany Elimination Month-End Consolidation Excel vs BrizoConsol

Your QuickBooks Companies.
One Group View.

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

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