Singapore groups running Xero across multiple organisations need SFRS 110-compliant consolidated statements for ACRA filing. BrizoConsol automates the full group close — intercompany eliminations, ASEAN currency translation, and board-ready reports.
Xero financial consolidation is the process of combining the financial data from two or more Xero organisations — 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. (Note: Xero acquired Syft Analytics in 2024 for reporting. Syft handles dashboards and client reporting — BrizoConsol handles the consolidation close: eliminations, CTA, NCI, and audit-ready statements.) It connects to your Xero organisations via Xero's secure OAuth, 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 Xero organisations via Xero's read-only OAuth integration.
Authorise each Xero organisation in a few clicks. BrizoConsol reads your general ledger, chart of accounts, and AR/AP data via Xero's official API. Your credentials are never stored — read-only access, one-time setup per organisation.
Secure · Read-onlyBrizoConsol detects intercompany transactions across your Xero organisations and eliminates them automatically. Every adjustment is fully traceable with an audit trail — no manual journal entries needed.
Auto-detect · Audit trailEach Xero organisation can operate in its local currency. 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 Xero? BrizoConsol also connects to MYOB, QuickBooks, and Zoho Books. Every entity is treated equally in the consolidation, regardless of which platform it runs on.
Xero + MYOB + 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 · ASC 810 · FRS 102Every 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 Xero organisations 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 Xero organisation's financials. 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 authorise each Xero organisation via Xero's OAuth screen. BrizoConsol never stores your Xero credentials — read-only access only. The initial sync happens immediately.
BrizoConsol's AI Auto-Map matches your Xero 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 Xero provides natively versus what BrizoConsol adds for multi-organisation group consolidation.
| Consolidation Requirement | Xero Only | With BrizoConsol |
|---|---|---|
| Consolidated P&L across Xero organisations | 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 MYOB / QuickBooks / Xero | 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 |
Singapore groups preparing consolidated financial statements must comply with SFRS(I) 10 Consolidated Financial Statements — Singapore's equivalent of IFRS 10 — under requirements administered by ACRA under the Companies Act. BrizoConsol automates SFRS(I) 10-compliant consolidation for Singapore groups using Xero, across SGD, MYR, INR, AUD, HKD, and other APAC currencies.
SFRS(I) 10 requires a Singapore parent entity to consolidate all entities it controls. Control is assessed using the same three-element model as IFRS 10: power over the investee, exposure to variable returns, and ability to use power to affect returns. BrizoConsol applies SFRS(I) 10-compliant logic — including full intercompany elimination and NCI — across all connected Xero entities automatically.
Singapore groups with foreign subsidiaries apply SFRS(I) 21 The Effects of Changes in Foreign Exchange Rates. BrizoConsol applies closing rates to Balance Sheet items and average rates to P&L items for each foreign entity, calculates the Currency Translation Adjustment (CTA), and includes it in the consolidated Balance Sheet under equity — automatically, each period your Xero companies close.
Singapore companies must file consolidated financial statements with ACRA under the Companies Act (Cap. 50). BrizoConsol produces audit-ready consolidated statements — including a full intercompany elimination audit trail — that your appointed public accountant can use directly for the annual ACRA filing. No additional spreadsheet preparation is needed.
Singapore-headquartered groups commonly span entities in Malaysia (MYR), Indonesia (IDR), India (INR), Hong Kong (HKD), Australia (AUD), and the UAE (AED). Many use Xero in their Singapore holding entity and other platforms regionally. BrizoConsol consolidates all of these currencies in a single run — applying the correct rates under SFRS(I) 21 automatically.