Consolidated Accounts brings easy-to-use, features to financial consolidations,
allowing companies to quickly combine the parent company's account balances and
budget information with that of the subordinate companies, for
presentation in consolidated financial statements and other reports. To set up a
consolidated accounts, the parent company merely indicate which companies are
the subsidiaries that will transfer financial data to the parent. The subsidiary
company's GL accounts, and periods are then mapped to the parent. After which,
financial data can be transferred to the parent as often as required, using
VillageMall's unique real-time synchronisation service.
Parent - subsidiary mappings
Create a consolidated ledger that is a full General Ledger,
Present consolidated accounts as frequently as you need; for
example, monthly, quarterly or annually.
Consolidate transactions as often as you need within each
Check the status of the consolidation, confirming which
General Ledgers have been consolidated for which periods.
Create consolidated budgets and forecasts from the budget
figures held in the General Ledgers of the subsidiary companies.
Consolidation Profit & Loss, and Balance Statement.
Consolidated Account Balances
Analysis report that shows the subsidiary account balances that have been
consolidated into each parent company account. It is useful for reviewing each
subsidiary's contribution to consolidated balances, account-by-account
* VillageMall Consolidation is available
to companies with five or more VillageMall company accounts.