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- Financial Consolidation
- Who it's for
- Multi-entity corporate groups
Multi-entity corporate groups
Corporate finance teams collecting results from separately maintained subsidiary ledgers.
How Financial Consolidation is set up for you
Entity accountability
Keep each Subsidiary Controller responsible for the submitted close, source period and functional currency. The group team accepts the complete revision without opening sibling books to the submitter. A late replacement remains identifiable alongside the earlier accepted evidence.
Consistent group accounts
Map local charts into the reviewed consolidation chart. Preserve effective dates and the reason for remapping. A balanced local trial balance with an unmapped account still needs attention before it can enter the group calculation.
Corporate adjustments
Prepare group-only reclassifications with both account and offset effects. Independent approval confirms the current supporting workpaper. Subsidiary ledgers remain unchanged unless a separate source correction is authorised.
Published results
Build statements and disclosures from the selected complete calculation. Executive access begins with publication, and the financial lock protects the artifact set. A restatement creates a linked successor instead of replacing the earlier board pack.
Features to start with
Group adjustments and reporting
Review group-only adjustments and build statements with a traceable financial basis.
Close publication and audit
Publish the reviewed close and give each reader the evidence they are allowed to see.
Entity and ownership management
Keep the reporting group, ownership changes and account mappings ready for the next close.
Roles on the team
- Group Controller / Corporate CFO
- Review all authorised group financial records.
- Consolidation Manager
- Manage consolidation periods and run preparation.
- Consolidation Analyst
- Prepare imported subsidiary trial balances and draft trial balance lines.
- Subsidiary Controller
- Manage own legal entity draft subsidiary trial balances and trial balance lines.
- External Auditor
- Read explicitly granted period and entity evidence until engagement expiry.
Set up Financial Consolidation your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.