Financial Consolidation

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Anonymous Member
Anonymous
(Controller)
We consolidate as many as 12 to 15 companies on a monthly basis.  Not all companies use the same ERP/accounting software, so right now we require them to submit a monthly trial...
Anonymous Member
Anonymous
(Manager)
Any time-saving tips for simplifying the consolidated financial statements reporting process? In terms of just the software piece of it, I feel like we’ve outgrown QuickBooks....
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SHAHBAZ HUSSAIN
(Manager Finance at Knowledge)
I need help with a specific problem. We have 100% wholly owned subsidiary providing software services to only our company (holding company). We have incorporated payments to...
Anonymous Member
Anonymous
(...)
There is a parent company with a 100% percent subsidiary, which in turn has its own 100% subsidiary. They were consolidated directly by the parent using the one-stage consolidation...
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Barbara Petracca
(Chief Baking Officer at Magnolia bakery)
We have units in the US and in 7 different countries using different POS systems. We are searching for a program that will allow us to consolidate the reporting for sales, product mix...
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Bob Fullington
(Executive VP, Chief Strategy & Technolog.. at Fortegra Financial)
What are the top consolidation software applications?  We currently are using NAV and have other transaction based systems?
Anonymous Member
Anonymous
(Senior accountant)
we are Paints and ink manufacturing company own by 2 directors it is a two in one company : one Company manufactures ink the other one deals with paint. the two have separate bank...
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Carolyn Winder
(Accountant at Red Wolf LLC)
Whether cash basis or accrual basis, is it ever acceptable to wait until the bank statement arrives to BEGIN reconciling cash?? Secondly, if multiple checking accounts exist (with only...
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L C
(Accounting Consultant at Self Employed)
I am the Controller for a start up US parent software development company that has a wholly owned India sub. The India sub incurs expenses, like consultant fees, in India, but the...
Anonymous Member
Anonymous
(Finance Director)
I am reviewing year end entries from last year. There is an audit adjustment between a foreign sub in Euro and the US parent for the intercompany accounts, a note payable and the...
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George Gacungu
(Finance Manager at KAPI LIMITED)
I am managing two sister companies.At the moment one company bills the other for monthly Administration expenses. For example: One company manages the accounting department of the...
Anonymous Member
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Ivie Wu
(Senior Accounts Executive at CBSA Berhad)
Recently, I am in charge for preparation of consolidation accounts with other companies which using different currencies. How do I record the translation differences? Is it same...
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Leena Mansharamani
(Corporate Controller at Deeya Energy)
We are a small late stage start up company about 6 months from commercializing our product. We are currently using quickbooks to maintain our books and records. we currently have 1...
Anonymous Member
Anonymous
(President)
Does anyone have any suggestions for using the Chart of Accounts and Class function to set up a 'single' Company File to handle the consolidation of 6 subsidiaries? I prefer to...
Anonymous Member
Anonymous
(CPA)
Our primary business is in the US and we consolidate our financials into USD. We opened another branch in CAD and due to regulatory reasons, set it up as a separate entity. We have two...
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Lynn Koll
(Accounting at Live Better Brands)
We are in the USA and acquired a canadian subsidiary. The canadian company is using Premier 2014 and we have access to their books via the Internet cloud. Our main US company is using...
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matt shore
(ceo at upper chord)
I've spent some time recently looking at the implementations of a few different driver based forecasting and budgeting tools (mostly Hyperion Planning and a couple SAP BPC.) While...
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Dave Kasabian
Title: SVP Product Marketing and Strategy
Company: Tagetik
(SVP Product Marketing and Strategy at Tagetik)
There is no bigger buzzword than Cloud these days but what does it mean to the finance organization? In both the Gartner Magic Quadrant for CPM Suites and the ...