US groups on QuickBooks Online with international subsidiaries face multi-currency month-end close across different fiscal year-ends. BrizoConsol handles the consolidation on any reporting cycle — same day your QuickBooks companies close.
Here is a realistic picture of the month-end close for a four-entity QuickBooks group, with and without BrizoConsol.
US groups with MYOB-using subsidiaries in Australia or New Zealand face a timing complexity: Australian entities close on 30 June (a different fiscal year than most US parents). BrizoConsol handles consolidations across different fiscal year-ends, allowing US parents to consolidate Australian MYOB entities on any reporting cycle.
Group consolidation has three phases: entity close, group processing, and reporting. BrizoConsol automates the processing phase entirely, and accelerates the other two.
Every consolidation run produces a complete reporting package — ready to share with the board, auditors, or investors the same day entities close.
Group revenue, gross profit, EBITDA, and net profit across all entities. Intercompany revenue and cost eliminated. Entity-level breakdown available on drill-down.
Available same dayFully balanced, intercompany receivables and payables eliminated, investment in subsidiaries eliminated, CTA in equity, NCI disclosed separately.
Available same dayGroup liquidity view with intercompany cash transfers stripped out. Operating, investing, and financing activities across all entities.
Available same dayFull record of every elimination applied — auto and manual. Categorised by type, amount, entity pair, and basis. Ready for auditor review.
Available same daySide-by-side entity performance for the period — revenue, margin, and expense variance vs prior period and budget. Identifies which entities drove group performance.
Available same dayLive KPI dashboard updated with the latest consolidated data. Pulse health scores across cash flow, AR, margin, and operational metrics at group and entity level.
Available same dayQuickBooks Online is the most widely used accounting platform in the US and Canada, and is popular with international groups that include a US or North American entity. Groups using QBO across multiple entities — spanning USD, CAD, GBP, AUD, and other currencies — are BrizoConsol's core QuickBooks user base.
US groups typically operate as a Delaware C-Corp or LLC holding entity, with operating subsidiaries in Canada (CAD), the UK (GBP), Australia (AUD), or Asia. BrizoConsol consolidates all entities under ASC 810, applying CTA per ASC 830 (included in OCI) and NCI where ownership is less than 100%.
US/Canada groups represent one of the most common QuickBooks consolidation scenarios. BrizoConsol translates CAD entities into USD under ASC 830, applying the current rate method automatically — Balance Sheet at closing rate, P&L at average rate — and calculates the Cumulative Translation Adjustment (CTA) for each period.
QuickBooks Online uses one subscription per company — so a group with five entities has five separate QBO accounts with no native way to view across them. BrizoConsol connects to each QBO subscription independently via Intuit's OAuth and consolidates all of them into a single group view, with intercompany eliminations and currency translation applied automatically.
International groups that include US-based QBO entities alongside Xero (AU/UK) or MYOB (AU/NZ) subsidiaries can consolidate all platforms in BrizoConsol. Each entity connects independently — the group consolidation includes all platforms simultaneously.
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 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.
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.
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.
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.