Konsolidator - Financial Consolidation & Reporting
Overview
Konsolidator is an easy-to-use financial consolidation add-on designed specifically for small and medium-sized businesses that need consolidated accounts monthly, quarterly, or annually.
The application simplifies the entire procedure by automating calculations and journal preparations. The automation ensures that you can place complete trust in the accuracy of your numbers at every stage of the consolidation process.
Konsolidator automates the consolidation of actual numbers, budgets, and forecasts, including:
- Intercompany eliminations
- Minority share calculation and eliminations
- Elimination of investment in subsidiaries
- Currency translations and automatic currency adjustments on Net income, equity, and fixed assets
- Cash Flow statements for subsidiaries, sub-group, and parent group.
You can trace changes in each figure, adjustment, and posting so you get full transparency of your financial data across your group and documentation of transactions between subsidiaries and groups.
Through role-based access control, you have the option to restrict access or assign responsibilities, such as intercompany elimination reconciliation, to subsidiaries. This approach facilitates quicker and more precise reporting.
Konsolidator - Financial Consolidation & Reporting + Xero
Konsolidator integrates with Xero with a single click and transfers the year-to-date account balances from your local Xero trial balance.
You get one single source of data and can streamline financial consolidation and reporting with the power of Xero inside of Konsolidator.
To begin, simply visit https://konsolidator.com/free-trial/ and initiate your free trial.
Getting started
Once you log in to Konsolidator and start your subscription, all you have to do is click "Integrations," select Xero and click to sync your data with Konsolidator.
We will help set up your group structure and mapping of local accounts so you can start automating your monthly consolidation within minutes.
