A Calxa Guide
A Group Consolidation Guide to Easier Reporting
This Group Consolidation Guide is designed to help those that have more complex management reports to prepare. For many people it involves a swag of spreadsheets with linked data that easily become unhitched. Calxa tries to make this process easier by providing a structure that keeps your data connected, yet flexible enough to suit your type of companies and industries..
This Group Consolidation Guide covers:
- Overall principles of Group Consolidation reporting with Calxa
- Challenges of Group Consolidations
- Who Needs Consolidations
- How to Group your Companies
- Setting Up your Common Account Structure
- Handling Inter-Company Eliminations
- Multi-Currency Consolidations across the Group of Companies
- Consolidating with Partial Ownership
- Top Reports for Multi-Company Consolidations
Group Consolidations in Calxa
Consolidating multiple companies in a spreadsheet is hard work. Calxa works on helping you take some of the complex calculations out of this process. This includes the foreign exchange conversions to report in a single currency.
You start with adding all your companies to Calxa, you can start grouping these, set an account structure common to all the companies and set your exchange rate scenarios for budgets, actuals and reporting. Once set up, and report templates are selected and added to your report bundle, you can schedule the delivery each month and leave the heavy lifting with Calxa.
This guide and worksheet gives you tips to help you be well prepared before you start work or see your accountant. It will make the creation of the cash flow projection much easier.
If you want to see how this works for your group of companies, you can jump straight into Calxa and set up your first group consolidation. Sign up for your free 30-Day Trial to test this yourself.
Get Your Guide
Use this Group Consolidation Guide to start making your life easier and take the tedious tasks out of your monthly reporting.