Consolidation without the spreadsheet
One ledger holds every entity's transactions, and intercompany entries eliminate as they post. Consolidated reports across every entity, currency, and standard — in real time, not at month end.
Book a demoIntercompany, eliminated
Intercompany entries eliminate as they post — no matching spreadsheets, no plug accounts, no month-end archaeology.
FX, revalued
Balances revalue automatically as rates move, with gains and losses posted where they belong across every currency pair.
Real-time group view
The consolidated P&L and balance sheet are live views of the ledger — check group numbers any day of the month.
Built for multinationals
Ten entities or a hundred — the close process is the same, because the ledger is the same.
Subsidiaries keep their local currency, calendar, and statutory chart — but post to one ledger. Consolidation isn't a process you run; it's a report you open.
Ownership structures, partial holdings, and equity eliminations are modeled in the platform, so group accounting reflects the actual legal structure without side calculations.
Pairs with Multibook: consolidate under group GAAP while every entity keeps its local statutory books.
How eliminations work
Intercompany amounts are flagged when they post — so the Eliminations column in your consolidated report is computed, not keyed in.
Intercompany configuration
Map account ranges to debit and credit intercompany accounts in the chart of accounts. Every intercompany posting in that range routes to the right account and is marked for elimination automatically.
One entry, every entity
An intercompany journal entry posts to the source entity and every receiving entity in one document, with an Eliminate flag per line and a live net-impact preview per entity before you commit.
Reversing entries, posted
Lines flagged for elimination generate reversing entries on a dedicated elimination ledger. The Eliminations column is the sum of those entries — every figure in it drills down to real, auditable postings.
Local books stay intact
Entity-level statements still show intercompany balances in full; only the consolidated view nets them out. Subtotal plus Eliminations equals Consolidated — and only external transactions remain.
FX, handled at both levels
Every ledger line stores three amounts at once — the transaction currency, the entity's functional currency, and the group currency — fixed at the posting-date rate, with the rate source recorded per line. The two FX dimensions are then adjusted independently: revaluation in the entity's own books, translation at group level.
Revaluation into the entity's own P&L
At period end, open foreign-currency balances — AP and AR documents, accruals, bank and cash — are revalued to the closing rate in each entity's functional currency. The unrealized gain or loss posts to the entity's FX gain/loss account, per document for open items, per account for monetary balances, each line linked back to its source. When an item settles, the realized difference posts against the original rate.
Translation into CTA
Monetary balance-sheet accounts are re-translated from local to group currency at the closing rate, while equity and P&L stay at historical rates — income and expenses at the actual transaction-date rate per IAS 21, not a monthly average. The translation difference posts to the cumulative translation adjustment (CTA) account, adjusting only the group-currency layer, exactly as ASC 830 and IAS 21 prescribe.
Daily rates from the European Central Bank, with overrides at document, entity, or company level when you need your own — and the source of every applied rate recorded on the posting.
How period end works
The close is a sequence of controlled tasks per entity — not a spreadsheet checklist. Each step locks the last, so nothing moves under your feet.
1 · Lock the sub-ledgers
Lock AP, AR, and journal entries per entity — or all entities at once. Locked document types can no longer post to the period, and you can lock progressively while the period is still open.
2 · Run FX revaluation
Runs only after the sub-ledger locks — on balances that can't change. One click revalues every entity's open balances at the closing rate; entity FX gain/loss and group CTA post automatically, dated at period end. Re-running never double-posts.
3 · Close the period
Periods close in chronological order, with the full audit trail of who and when. Reopen for adjustments — completed tasks are preserved, so re-closing is quick.
Consolidation isn't step four. Eliminations and FX are already in the ledger — consolidated reports are live the moment the postings land.
How year end works
Once every period in the fiscal year is closed, the year closes itself — per entity, automatically.
Automatic closing entries
Light identifies every P&L account with activity, zeroes it out with a year-closing document per entity, and posts net income directly to retained earnings — dated the first day of the new year.
Entity by entity, or all at once
Close the year for every entity in one action or entity by entity as local audits finish. The year stays partially closed until the last entity is done — nothing is forced.
Any fiscal year
Calendar year, April–March, October–September — periods and quarters align to your fiscal calendar, and the group rolls up with eliminations and CTA intact into consolidated retained earnings.
The new year opens with revenue and expenses at zero, retained earnings carried forward, and last year's statements locked behind the closed periods.
Unify your financial data
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