Consolidation
Description
- You are keeping the accounts of several different companies, using WinEUR…
- You need to produce consolidated statements (B/Sheet, P&L account) ?
- You have to explain the consolidated results ?
- You would like to analyse the individual figures of each company ?
- The consolidated accounts have been audited, and the auditors want to follow the changes, adjustments, and eliminations which have been made ?
If so, our new consolidation tool, adding the necessary extensions to our basic Win€UR Accounting solution, is ideal for you!
Main product qualities
- Win€UR Consolidation automates accounting operations for groups.
- Each group is considered like an individual company, with its own reference currency and accounting plan.
- A table details the composition of each of the accounts listed in the group's accounting plan, regardless of each affiliate's accounts or group of accounts which need to be taken into consideration (formulas).
- It is not necessary for the group to share the same accounting plan or basic currrency as its affiliates.
- One can indicate the ownership percentage for each of the group's entities (minority interests).
- Special tools make it possible to post entries in the books of the group in the form of ordinary accounting entries (justification)
- Starting balance: an entry with one line of text per affiliate is created automatically for each of the group's balance sheet accounts.
- Movements of a period : an entry with one line of text per affiliate is created automatically for each of the group's accounts, in order to register the cumulated movements of a period. You are free to define the length of this period (usually one month).
- Because a group is treated like an individual company, one can use all of Win€UR Accounting's existing options, such as:
- Editing reports & statements.
- Revaluing amounts in foreign currencies: this is necessary when one is consolidating books of accounts with different basic currencies, or when the group's reference currency is different from its affiliates.
- Interest on current accounts.
- Bookkeeping entries (audit-trail of any adjustments or eliminations)
- Consolidation : this makes it possible to consolidate as many corporate levels as necessary! - WinEUR Consolidation enhances the usual reporting functions by adding a "Consolidation" tab at the company level, with which the user can select the companies needing to be analysed (consolidated reports).
- Reports in column-form (accounts, analytical accounts, clients & suppliers, invoices, entry-log, securities). A certain type of column allows one to mention the name of the company: this in turn makes it possible to indicate the provenance of a particular item, or to compute sub-totals for each entity.
- Reports in line-form (Balance sheet and P&L).
- "Fixed-page" reports, allowing one to include synthetical information about different corporate entities in one single document.
