Typically priced for larger businesses, great consolidation accounting software is a Group Accountant’s dream. Unfortunately, these complex applications are out of reach for many growing enterprises, who are still trying to consolidate using spreadsheets. Consequently, month end reporting is time-consuming and error-prone, particularly if you’re working with different systems across the group and in different currencies.
Many accountants manage their consolidation by way of simply amalgamating accounts, rather than having a system which can automate more complex protocols and provide real-time reports.
AccountsIQ’s accounting consolidation software removes these frustrations by providing true and timely, complex consolidation at an affordable price. AccountsIQ gives you a clear view through your Group accounts in real time, in just one click, and in any currency you choose.
We’ve tackled the problem in a unique way. By linking the range of branch-level ledger codes to a common set of group codes, AccountsIQ allows your subsidiaries to enjoy individual coding structures while you retrieve and drill down through the data that you need, in just one click, at any time.
Complex ownership including partial ownership, minority interests and Groups within Groups
Automated inter-company transactions and elimination
Post-consolidation adjustments at Group level
Multicurrency trading to ensure every subsidiary is using common (centrally-controlled), daily exchange rates/p>
Consolidated budgets and revised budgets, actuals and variances, rolled up from subsidiary holdings and with the ability to drill back down
AccountsIQ’s consolidation accounting software can be installed as a stand-alone reporting module where trial balances are imported before consolidation, or it can be used by each subsidiary as its primary accounting system then linked into the overall Group structure for consolidation.
Read how we work with group companies.