UK groups on Xero must produce FRS 102 Section 9-compliant consolidated financial statements under the Companies Act 2006. BrizoConsol automates the full group close — intercompany eliminations, GBP-based currency translation under FRS 102 Section 30, and Companies House-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 · FRS 102 · Companies Act 2006Every 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 |
Xero is one of the most widely used accounting platforms in the UK — making it the natural choice for UK multi-entity groups with subsidiaries in Australia, New Zealand, the US, and beyond. BrizoConsol consolidates all Xero entities and any other platforms used regionally into a single FRS 102-compliant group view — GBP, AUD, NZD, EUR, USD all translated under FRS 102 Section 30 automatically.
UK groups with Xero entities in Australia and New Zealand consolidate GBP, AUD, and NZD under FRS 102 Section 30. BrizoConsol applies closing and average rates automatically each period, eliminates intercompany balances, and produces a single GBP-based consolidated view.
UK groups with Xero-based entities in the EU and US span GBP, EUR, and USD. BrizoConsol consolidates all three currencies under FRS 102 Section 30 — closing and average rates applied automatically — with full intercompany elimination and NCI attribution each period.
Xero uses one organisation per entity — UK groups with five Xero entities manage five separate Xero organisations with no native consolidated view. BrizoConsol connects to each Xero organisation via OAuth and consolidates all of them, applying FRS 102-compliant currency translation and intercompany eliminations automatically.
UK groups with Xero in some entities and MYOB (Australian subsidiaries) or QuickBooks (US entities) in others can consolidate all platforms in BrizoConsol simultaneously. Each entity connects independently — the group consolidation runs across all accounting systems in one view.
UK groups preparing consolidated financial statements must comply with FRS 102 Section 9 Consolidated and Separate Financial Statements under the Companies Act 2006. Listed companies on AIM or the LSE follow IFRS 10. BrizoConsol automates FRS 102-compliant consolidation for Xero groups across the UK — including intercompany eliminations, GBP-based currency translation under FRS 102 Section 30, and NCI attribution.
FRS 102 Section 9 requires a UK parent entity to consolidate all subsidiaries it controls under the Companies Act 2006. BrizoConsol applies FRS 102 Section 9-compliant consolidation logic — including full intercompany elimination and NCI — across all connected Xero entities automatically each period your companies close.
UK groups with foreign subsidiaries — in the EU (EUR), Australia (AUD), the US (USD), or Asia — apply FRS 102 Section 30 for currency translation. BrizoConsol translates each foreign entity at closing rates (Balance Sheet) and average rates (P&L), calculates the translation reserve, and includes it in equity — automatically each period.
UK parent companies must file consolidated financial statements with Companies House under the Companies Act 2006. The Financial Reporting Council (FRC) sets UK accounting standards. BrizoConsol produces audit-ready consolidated statements with a full elimination audit trail, ready for your auditors and Companies House submission.
UK-headquartered groups typically span entities in the EU (EUR), Australia (AUD), the US (USD), Asia, and the Middle East — each requiring GBP translation under FRS 102 Section 30. Many use Xero in their UK holding entity alongside other platforms regionally. BrizoConsol consolidates GBP, EUR, USD, AUD, AED, and other currencies in a single run automatically.