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 and in different currencies.
Meet AccountsIQ, a smart, yet affordable Cloud accounting platform with Accounting, Consolidation and Business Intelligence in one powerful solution and winner of the UK Enterprise Accounting Software of the Year 2018 at the Accounting Excellence Awards.
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 consolidation accounting software removes these frustrations by providing true and timely, complex financial 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 accounting consolidation software 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
Multi-currency 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.
Learn more about how our award-winning software is the perfect fit for group companies.
Find out how much time you can save with a FREE Consolidation Time Saver Review.