Consolidation
Consolidate across Tally companies, SAP company codes, Oracle ledgers and QuickBooks entities, with multi-currency translation.
FINAHQ consolidates your group from the mapped ledgers, not from a workbook. Every consolidated figure traces back through the eliminations to the journal entries underneath.
- Rules set once. Ownership, minority interests and elimination rules are held once and applied every period, so each run is repeatable.
- Run it again any time. When a correction lands, run it again. The previous run is still there to compare against.
- Nothing plugged. A result that doesn’t reconcile is reported as not reconciling. Nothing is plugged quietly to make a statement balance.
| Line | Good Industries | Good Components | Good Polymers | Good Logistics | Good FZE | Good Services | Sum | Eliminations | Consolidated |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 48,200 | 12,400 | 9,650 | 5,180 | 7,320 | 2,140 | 84,890 | (6,450) | 78,440 |
| Other income | 640 | 85 | 120 | 45 | 210 | 30 | 1,130 | (380) | 750 |
| Total income | 48,840 | 12,485 | 9,770 | 5,225 | 7,530 | 2,170 | 86,020 | (6,830) | 79,190 |
| Cost of materials consumed | 29,150 | 7,880 | 5,940 | 1,120 | 4,260 | 0 | 48,350 | (6,450) | 41,900 |
| Employee benefits expense | 6,420 | 1,690 | 1,310 | 1,540 | 980 | 1,180 | 13,120 | — | 13,120 |
| Finance costs | 1,180 | 310 | 240 | 160 | 95 | 20 | 2,005 | (380) | 1,625 |
| Depreciation and amortisation | 2,240 | 640 | 510 | 420 | 330 | 60 | 4,200 | — | 4,200 |
| Other expenses | 5,610 | 1,240 | 980 | 860 | 720 | 460 | 9,870 | — | 9,870 |
| Total expenses | 44,600 | 11,760 | 8,980 | 4,100 | 6,385 | 1,720 | 77,545 | (6,830) | 70,715 |
| Profit before tax | 4,240 | 725 | 790 | 1,125 | 1,145 | 450 | 8,475 | — | 8,475 |
| Current tax | — | — | — | — | — | — | — | — | 2,180 |
| Deferred tax | — | — | — | — | — | — | — | — | 145 |
| Profit for the year | — | — | — | — | — | — | — | — | 6,150 |
| Attributable to owners of the parent | — | — | — | — | — | — | — | — | 5,945 |
| Attributable to non-controlling interests | — | — | — | — | — | — | — | — | 205 |
When the two sides don’t agree
Most of a consolidation is arithmetic. What eats the fifteen days is the intercompany pairs that won’t tie, and a demo where every pair nets to zero skips that part.
This reconciliation has one pair that doesn’t agree. FINAHQ doesn’t pick a side and doesn’t hold up the close. The difference gets a name and an owner, sits in a control account, and carries into the next period where everyone can see it.
| Pair | What it is | Receivable | Payable | Difference | Status |
|---|---|---|---|---|---|
| Good Industries → Good Components | Trade balance | 1,340 | 1,340 | — | agreed |
| Good Industries → Good Polymers | Trade balance | 780 | 780 | — | agreed |
| Good Industries → Good FZE | Trade balance | 455 | 410 | 45 | flagged |
| Good Industries → Good Components | Loan | 2,200 | 2,200 | — | agreed |
| Good Industries → Good Polymers | Loan | 1,600 | 1,600 | — | agreed |
45 does not agree, and the close carried on
- Why
- Goods despatched on 27 March and received on 2 April. Both sides agree the shipment; they disagree about the period it falls in. Parked, not blocking.
- Parked in
- Intercompany suspense
- Owned by
- Group controller
Groups that consolidate this way
- SNR Sons Charitable Trust: fourteen separate Tally installations, none of them replaced.
- Swelect: three countries, out of SAP.
- TVS Housing: a project entity for every development.
- Veranda Learning Solutions: four consolidations a month while acquiring brands, so every cycle has a company that wasn’t there last time.
Proof
What changed
As a BSE listed company, our POC had to be reconciled to audit-level accuracy. The numbers matched our auditor's consolidated financials exactly. That gave our board the confidence to proceed.
Over a week saved; POC reconciled to audit
We went from a 15-day close to 2 days. The platform handled our 20+ entities across multiple ERPs with accuracy we hadn't seen before. GL mapping got to 90% on the first run.
15 becomes 2 days
Working days to consolidated numbers
FINAHQ cut our consolidation from three weeks to under four days.
Consolidation cycle, three weeks to under four days
Every result here is that customer's own, published with their permission.
FINAHQ, Munshi and FINK are all offered by Ananta Technology Services LLP.