Solution
Group Consolidation
Group consolidation merges the financial and operational results of multi-company structures in one place. Qera lets you manage your group companies from one place with continuous consolidation, intercompany elimination, multi-currency translation and multi-book support for local GAAP and IFRS.
Challenges you face
Problems in day-to-day work
This module is built to fix the problems below.
- Each group company uses a separate database or different accounting software, so seeing the consolidated picture takes days.
- Eliminating intercompany debts, receivables and sales is done by hand, making it error-prone and exhausting.
- Translating overseas subsidiaries' local-currency balance sheets into the reporting currency is complex and time-consuming.
- Preparing the same data separately for local GAAP and IFRS takes days in Excel.
- Tracing which company a line in the consolidated report came from is hard, so audit cycles drag on.
Capabilities
What can you do with Group Consolidation?
The module's core features.
Continuous consolidation
With a live database structure, every transaction is ready for consolidation the moment it's posted. See the group cash position, consolidated risk and sector breakdown in real time without waiting for month-end close.
Common chart of accounts and mapping
Local charts of accounts across subsidiaries in different sectors are mapped automatically to an upper-layer Consolidation Chart of Accounts. Local accountants keep their setup while group management sees data in a standard format.
Intercompany elimination
Intragroup debts/receivables, sales/costs and unrealized profit are eliminated automatically during consolidation. The system performs this mandatory step for regulatory and international audit standards on your behalf.
Multi-currency translation
Translates subsidiaries' local-currency balance sheets into the reporting currency automatically. Applies IAS 21-aligned methods (income statement at period-average, balance sheet at period-end rates) and tracks the cumulative translation adjustment (CTA) separately.
Multi-book: local GAAP and IFRS
A single invoice entry is posted in the background to both the local-GAAP and IFRS books. Different valuations such as severance, depreciation or rediscount are held in separate adjustment vouchers; pull the tax or IFRS consolidated balance sheet anytime.
Management reporting and drill-down
Visualize sectoral profitability and geographic analyses with Power BI integration; click a cost line in the consolidated report to drill down to the company it came from, even to the invoice image.
Outcomes
What it delivers for your business
What you see in daily operations once it is set up properly.
- Group companies' financial and operational results are consolidated in one place, in real time.
- Intercompany elimination is automatic, which reduces error risk and manual work.
- The system handles multi-currency translation in line with the standards.
- Both the tax and the IFRS consolidated balance sheet are produced from the same records.
- Every line in the consolidated report can be traced back to the source company and invoice, which makes independent audits easier.
FAQ
Frequently asked questions
No. Qera consolidation merges operational data such as inventory, purchasing and account risk alongside the financial statements. This lets you follow the group's financial results and its operations from the same place.
Intragroup debts/receivables, sales/costs and unrealized profit in inventory are eliminated automatically during consolidation. This is a mandatory step for regulatory and international audit standards and is performed by the system.
Yes. Thanks to the multi-book structure, a single record is posted in the background to both the local-GAAP and IFRS books. You can pull the tax balance sheet or the IFRS consolidated balance sheet anytime.
Thanks to the low-code foundation, you can include a new company quickly by copying existing company templates (chart of accounts, item cards, processes). This shortens the time for groups that grow through acquisitions.
The system translates subsidiaries' local-currency balance sheets into the reporting currency automatically; it applies IAS 21-aligned calculations using different FX methods for income statement and balance sheet items and tracks translation differences in a separate account.
Let's configure Group Consolidation around your business
Get in touch for a demo tailored to your team's needs.