Konsolidator - Financial Consolidation & Reporting
Konsolidator is a simple financial consolidation add-on for small and medium-sized groups that need monthly, quarterly or annual consolidated accounts.
The add-on automates all calculations and journal preparations for you, so you can be sure that your numbers are accurate for each consolidation cycle.
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.
With role-based access control, you can limit access or delegate the task of, e.g., reconciliation of intercompany eliminations to subsidiaries for faster and more accurate 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.
With the integration, you get one single source of data and can streamline financial consolidation and reporting with the power of Xero inside of Konsolidator.
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.