Consolidating company accounts roadmap for developing and validating therapeutically

Consolidating company accounts

Different subsidiary companies can have entirely different General Ledger Coding systems deployed, the only requirement being that the basic GL Codes be linked to a common set of General Ledger Categories and Sub-Categories for Consolidation and Reporting purposes.Engineered to manage the consolidation of a large number of subsidiaries’ datasets with ease.Individual Accounts IQ subsidiaries with similar GL Account categorization and co-terminus year-ends can be linked together to consolidate into an overall parent company.

P&L accounts are correctly translated using average period rates and Balance Sheet accounts at period end rates.

No need to waste time maintaining average and period end exchange rates in multiple subsidiaries.

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co.

Using our Consolidation module you can easily create accurate and consolidated accounts – and not just for wholly owned subsidiaries, but also partials and foreign currency subsidiaries as well. consolidated Company Branches or Divisions and/or Product Categories, etc.) across the Group as a whole.

You can then obtain real-time on-line access to the consolidated results for the group and all the subsidiaries from one single system.

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Once set up, the process is straightforward and takes a short moment to consolidate data from multiple companies with one click.

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