or 'How easily can I pay my bills? Does each company require a consistent chart of accounts? Actuals against budgets, with FX conversions and Tracking Categories. our dedicated support team is here for you. You can include a budget for the entire group, or roll up individual budgets from each entity. Want to create great-looking reports for your stakeholders? We do! Every view can include Tracking Categories, where applicable of course! Reconcile in seconds. Instantly integrate data from any accounting system, currency or chart of accounts, creating a consolidated view of your financials across countries, business units and currencies. Cash Flow Forecasts | Tracking Category Budgets | Multi-Currency Consolidations | Not-for-Profit Reporting | KPIs | 3-Way Forecasts. The invoice automation challenge It is no secret that invoicing is a fundamentally key part of any business, without revenue, there is no business! Create an account (Free trial available), create or bring an existing database, connect Xero on the Connectors page, then Sync! I'd been looking for Xero consolidation software for a while and Joiin really fitted the bill. Effortless reporting, analysis and forecasting, enabling accountants to improve the future financial performance of clients within their portfolio. Connect your reporting tools 4. Accountagility Follow the simple steps to link once and then schedule updates monthly, weekly or daily, depending on your needs. Planday See predicted cash flow, balance We are software developers first, report developers second. The platform is nearly infinitely scalable as the cloud capacity can be instantly adapted to the needed capacity Joiin makes consolidated financial reporting easy. It also covers exclusive content about Acterys Power BI apps & services. We simplify and focus on delivery to get you the skills to be 100% self-sufficient, Our NPS of 72 and almost 0% Churn is testament to our number one focus; Client Happiness. Log in anytime, anywhere on your Mac, PC, tablet of phone to get a real-time view of your cash flow. Book a Meeting. Each Xero consolidation solution offers its own unique set of features and benefits; so be sure to do your research to find the one that best meets your needs. Close Faster. Talk to our solution experts now Excellent software. Email me for queries. Consolidation Software: Must-have or Nice-to-have? XP&A is a process that can help your team work more effectively and efficiently by providing a framework [], FP&A and XP&A are two different financial planning and analysis methods. Biotime It is difficult to answer this question. Great new app to add to our current Xero subscription, flexible reporting by period, company and category, Or explore our support page about getting started . Pingdom SharePoint Jira Then follow a short video on how to push your data to Google Sheets. Get a wealth of essential features to bring together complex Xero data, crunch the numbers that matter and quickly produce reports. If you have any questions please reach out to Xero support. Although Xero reviews each app in the Xero App Store, we cant give any guarantees. Please feel free to contact us for any questions or start a trial for consolidating Xero companies and accounts. Skynamo ServiceM8 Automate your reporting. 13 Benefits of xP&A for Your Enterprise Success, Best Consolidated Reporting Software for Xero. Best Financial Consolidation Software - 2023 Reviews & Comparison Freshsales Easily create powerful and visual reports. With the integration, you get one single source of data and can streamline financial consolidation and reporting with the power of Xero inside of Konsolidator. Track financial and non-financial KPIs for a holistic view of business performance. Planful is a financial accounting solution that is fast and easy to implement in your organization as it requires zero scripting or custom programming. Seamless Xero Integration | Spotlight Reporting XBert is your trusty sidekick, tirelessly checking the data for errors and helping you manage workflow easily. While it's certainly possible to execute the financial consolidation process manually, modern accounting software can save human resources by reducing the time your team spends doing data entry, and enable them to close the books faster. The Xero accounting system is getting widely accepted in larger organisations with requirements to create consolidated financial statements for multiple Xero companies. b. Specifying inter-company contacts (setting a flag per group company that will automatically eliminate transactions between them) Fathom 361 Reporting, forecasting, analysis, consolidation and benchmarking for advisors and businesses. Its small business accounting software thats simple, smart and occasionally magical. Doing business is better with the right apps. Magento Asana Events tracks key actions performed on the system, Quick Consols is a cloud-based software and can be accessed anywhere at any time. Close talent gaps to build and empower your workforce strategically. Business finances and cashflow are updated in real time. Our Forecasting tool is an all-in-one budget creator, full three-way forecasting and scenario builder. Fixed Forecasts vs. Rolling Forecasts: Which Is Right for You? Business units, project, cost centre &profit centrereporting all in one place. FinAlyzer Beyond Square Solutions Sign up and start a free Acterys trial with an expert at your side. 3 #3) Board. Automate your month-end close with Konsolidator avoid manual calculation errors and do group consolidations in just 7 minutes. Just click ok to reconcil. Details of multi-currency conversion: automated integration of currency services or manual maintenance Automatically load data, validate, and consolidate from unlimited companies in Azure SQL database. Follow the prompts to authorize the connection. To view a specific report, simply click on its name. Use our mobile app to reconcile, send invoices, or create expense claims from anywhere. Recurly Futrli 's beautifully designed drag Default contact groups Xero sorts your contacts when you first enter an invoice, bill, or credit note transaction for them. Just get in touch and we can explore your requirements and offer multiple solution options. Click Add to group: If the groups already exist, select the groups you want to add the clients to. Integrated with key business KPIs, available via user-friendly online dashboards. Its small business accounting software thats simple, smart and occasionally magical. Add one or many Xero companies or accounts for group consolidation into a group 3. It offers many of the same features as FLEXReporting, including consolidation, currency conversion, and language support. Available on any computer or mobile device with an internet connection. The tool can also be used to consolidate data from other accounting software programs, such as QuickBooks and MYOB. Lightspeed From multiple currencies, ERPs, chart of accounts or number of companies, weve got it covered. Sarah Sandford. Watch this video to learn more. When you consolidate your debts, you streamline your monthly [], Xero to Power BI: Export Invoices, Bills with Acterys, Financial Consolidation Process: Each Step Explained in Detail, Dynamic Planning and Analysis: Stages, Process, Best Practices. See how government departments are driving xP&A transformation with Acterys. To generate a consolidated report, follow these steps: 1. To get your companys financial reports in Xero, youll first need to sign into your Xero account. Install the Acterys Power BI App or the Acterys Excel Template 4. We can consolidate multiple Xeros, Shopifys, Hubspots, whatever systems you use, we can consolidate into a single Xero Sales table for example. Sign up for free Not ready to sign up? Designed for successful property managers, owners and landlords to use on mobile or web. Crunch the numbers that matter and bring together complex data from multiple Xero accounts to seamlessly create group consolidations and consolidated financial reports. If you need more than this, just get in touch, and well see if we can help. Consolidate data from any or all of these accounting systems: ScaleXP financial consolidation works alongside your existing accounting systems, importing all financial data. Once youre logged in, youll be taken to the Dashboard. 4. TalentLMS Accountagility ORYX. Budgeting, forecasting and financial dashboards that help small businesses grow. Install the Acterys Power BI App or the Acterys Excel Template, 4. Discussions. See all the stringent security measures we have to ensure customer data safety. 8 Best Competitors & Alternatives to Xero in 2023 (Free & Paid) Xero Group Consolidation is a process that allows businesses to combine their financial data from multiple companies into a single, consolidated view. We seamlessly deliver on a fixed-scope basis, fixed-time and fixed cost. 17 answers All answers (17) GC G-Accon Xero Connector Edited February 10, 2023 at 5:55am Hi Aida, G-Accon can easily generate Consolidated Reports in Google Sheets with multi-currency support (live currency exchange rates or custom). Easily manage your data, start producing reports and see everything within Joiin on any device, whether at your desk or on the go. . Let us guide your journey Xero Consolidation to Power BI and Excel and Google Sheets Tailoring your Xero data with SQL Views & Excel Templates & Power BI templates Zendesk Sell. Join our mailing list to receive the latest news and updates from our team. This has made life so easy! Reporting, forecasting, analysis, consolidation and benchmarking for advisors and businesses. Explore how Acterys xP&A Suite delivers tailored unparalleled planning & analytics solutions for any source both on-prem & on the cloud. Make decisions with confidence with comprehensive cash flow forecasts. In this article I would like to explain how you can completely automate the consolidation process and add analytics options with Power BI or create dynamically updating reports in Excel.#N#There are a variety of web apps out there to address this requirement, but these typically are rigid and cannot compete with the analysis functionality in market leading analytics platforms. Reducethe month-end reporting process by at least 3daysand cut your costs in half (no licenses, just a monthly subscription). Unlimited users and advanced collaboration tool. Compliance with Full IFRS, IFRS for SME, GRAP and IPSAS. Xero | Financial Reporting Software | Quick Consols Import your data seamlessly from Xero. Joiin allows you to manage multi-entity or multi-currency group consolidations, and create great-looking reports and reporting packs using your Xero data, Sage, Sage, Spreadsheet, and QuickBooks data. Become a trusted advisor to your clients and increase revenue, Stay focused on performance and the most important KPI's in your business, The specialist group-wide benchmarking and consolidation tool, Increase advisory revenue and get better business insights at scale. Can I perform actuals v. budget or latest forecast reporting for my group? They can help answer questions such as 'How much margin do I make on my sales?' Connect to Google Data Studio to create powerful analytics. Run your business on the go. Choosing the best consolidation software for Xero is quite easy with our new direct integration. Hop on a call and lets get you sorted, Nearly all of our customers arent full time report developers. Joiin means we have consolidated reports at our fingertips rather than the time-consuming excel based consolidations we used to do. Toggl Joiin makes consolidating financial reporting simple. Simplify and streamline month-end process. View Software. 3 3. Any Xero data you need aggregated, calculated and pushed either via an ExcelAddIn or fully automated is no problem at all. More time to work on other things. Load budgets and forecasts into the system, either from your accounting software or by importing spreadsheets or CSV files. Visualize it all to make better data-driven decisions in minutes. This is the best tool for reporting over more than one entity. 4.2 Read All 2670 reviews Approval Workflow CPA Firms 5.0 Check Processing 5.0 VIEW ALL FEATURES Award-winning online accounting software designed for small business owners and accountants. Moveware Connected apps & services. Finally, the option to easily extend Acterys with new no-code app development platforms like PowerApps and workflow automation like Microsoft Automate enable you to realize nearly any workflow requirement from approvals to email notifications. Datarails is a financial analysis and planning platform that automates financial reporting. Popular this week Latest product news November 2022 by Anna Curzon | 1 November 2022 New Ultimate plan offers most comprehensive Xero package for small busine.. Loca.fi Automate multi-currency consolidations and quickly compare performance across regions. . We can pull in data from ALL your systems, not just Xero, we never say no to data, SQL, Excel and BI templates available so you can supercharge your development or simply tell us what you want to build, Create some templated views or let us help you customise, so you push only the data you need to Google Sheets and get things simple and performant, Use our ExcelAddIn to save hours easily uploading your data directly into multiples Xeros at the same time. Spotlight is bringing new innovation to reporting with the launch of Tracking Category Reporting (including Tracked Budgets) for Xero and Quickbooks data sources. Sign up and start a free Acterys trial with an expert at your side. Bring together complex data from multiple Xero, QuickBooks or Sage accounts, or spreadsheets when youre working unplugged, to seamlessly power your consolidated financial reporting. It is easy to set up. You can consolidate up to 20 entities in ScaleXP. Konsolidator - Financial Consolidation & Reporting It has revolutionised the way we can report to clients in a simple, consolidated and professional format. Ensures more time is usedanalysing data to provide useful insights intobusiness finances and operations. Daily automated trial balance updates mean up to date numbers, consolidations and dashboards. SAP Financial Consolidation helps create fast and accurate financial statements with multiple currencies and among varying levels of departments, entities, mergers, and acquisitions. create a Xero group consolidation Gain access to around-the-clock support and training sessions tailored to your needs. Get a real-time view of your cashflow. Add one or many Xero companies or accounts for group consolidation into a group, 3. It provides insightful reporting and game-changing analytics. Click here for more information about partnering with us, Home Xero Group Consolidation: Multi-Account Reporting in Power BI, Excel. Employment Hero Payroll (formerly KeyPay) This can be helpful for businesses that operate multiple subsidiaries or divisions, as it allows them to view all of their financial data in one place. Qvinci's capabilities integrate with QuickBooks, Xero and MYOB to provide users with the most accurate and up-to-date financial data. Planning Trends provides information related to FP&A, budget forecasting, data integration, and data forecasting in Power BI & Excel. Recent improvements to invoices, reports, and online support make it an excellent choice for small . If youre looking to purchase accounting consolidation software, here are a few of our top picks. You can create management reports for print and web in minutes. Generating powerful results for your firm (and clients) from your existing and prospective clients. ScaleXP automatically imports foreign currency exchange rates and ensures that IFRS compliant rates are always used. Reveal key drivers that impact performance. The Acterys app is a powerful tool for Xero consolidated reporting that helps businesses track and analyze their financial data. Consolidated financial reporting made easy, with Joiin It helps accountants by automatically merging data from various locations and multiple general ledgers into one, easy-to-read dashboard that makes data analyzing, planning, and forecasting simple. Insightly Bamboo HR Save my name, email, and website in this browser for the next time I comment. I love to share my knowledge about Power BI & its connected apps on this blog. map single accounts to a group chart of accounts. Select max number of entities per connector. Instantly integrate data from any accounting system, currency or chart of accounts, creating a consolidated view of your financials across countries, business units and currencies. Reveal key drivers that impact performance, Our Forecasting tool is an all-in-one budget creator, full three-way forecasting and scenario builder, A dashboard provides an instant snapshot of business performance, letting your clients focus on what really matters. Safety Culture click & connect in minutes Connect our Xero app within minutes and see data whether at your desk or on the go. Konsolidator is a simple financial consolidation add-on for small and medium-sized groups that need monthly, quarterly or annual consolidated accounts. FinAlyzer converts financial data into actionable insights using decision analytics, KPIs, insights, predictive weathering, benchmarks and more. Powerful management reporting for achieving better business outcomes, Advanced cash flow forecasting for navigating challenging times, An instant snapshot of performance to focus on what really matters, A group-wide tool for franchises, not-for-profits, and industry specialists. Just get in touch and we can figure out how best to progress! You should simply go through the comparison table which differentiates several available consolidation software on the basis of price, features, range, category, utility, and hence decides for yourself. The system can provide FX rates with any currency in the world. Then follow a short video on how to use your database credentials to connect to Power BI in Direct query mode. Small business Consolidating Xero accounts Posted 12 years ago in Xero news Posted by This tool is no longer available on Xero. CPM and xP&A by our in-house experts, See what Acterys is all about and its leadership behind its success. One of the biggest benefits of this approach is that group consolidation is just one of many aspects that the solution covers. Time Saver. It also allows them to answer crucial strategic questions such as what they can do to increase revenue or reduce expenses. It covers integrated group reporting, legal reports, management consolidation, segment-wise profitability reporting, and segment-wise reporting. Send online invoices to your customers - and get updated when theyre opened. Salesforce Talk to our solution experts now September 30, 2022 410 0 Comments If you're a finance professional who uses Xero as your accounting software, then you'll be pleased to know that there are a number of great options available to you for Xero consolidated reporting. Update trial balances on demand if youre busy with month-end and need to see the latest results. I can't recommend enough. We do solutions not sales, book a chat and get some awesome advice, WE BUILD ANY NEW CONNECTOR YOU NEED FOR A FIXED FEE OF $200 USD PER CONNECTOR, Conversations with our team who have years of experience in taking SMEs from manual reporting, to real-time, 100% automated & scalable reporting, Perfectly automate your data with our proprietary platform and Reporting templates built with years of experience, If you need us to get going, or step-in when your internals are stretched. Xero is world-leading online accounting software built for small business. Most efficient and cost-effective way I've found to consolidate two entities. b. Once thats done, your reports are available to run any time, with data automatically kept in sync. Free webinars packed with insights to take you to the next level, Progressive accountants share how they've made advisory a success, Learn how to add value through advisory services, Product information, use cases, and best-practice advice, Stay focused on performance and the most important KPIs for your business. Financial Consolidation Software - Xero, QuickBooks, Sage & more - ScaleXP To select the accounts to group, either:Hold down the Ctrl key (PC) or Command key (Mac) on your keyboard, click the account rows, then click Group selection.Click the rows icon , select Group, then drag account rows into the new group. map single accounts to a group chart of accounts a. a. In this article, I would like to explain how you can completely automate the group Xero consolidation reporting process and add analytics options with Power BI or create dynamically updating reports in Excel. With role-based access control, you can limit access or delegate the task of, e.g., reconciliation of intercompany eliminations to subsidiaries for faster and more accurate reporting. Xero is world-leading online accounting software built for small business. The most intelligent forecasting and reporting technology in the market. Zoho Books: Best for mobile app accounting. It can also automatically refresh and email consolidated reports to multiple recipients based on your schedule. Streamline the month end process. Group reports into presentation-ready packs, Report across multiple currencies with ease, Control complex inter-company eliminations, loans and transactions, Manage multiple clients with one Joiin subscription, Invite others and give them access to reports, Visit our help centre for extra knowledge, Watch a short pre-recorded demo about Joiin. Perfect for small to medium-size enterprises who do not require bulky features, with an easily understandable platform. sheet, expenses, and P&L forecasts in minutes. This can be helpful for making informed decisions about your businesss future. Financial Consolidation Software - Xero, QuickBooks, Sage & more Powered by Financial consolidation Save Time. There are a variety of web apps out there to address this requirement, but these typically are rigid and cannot compete with the analysis functionality in market-leading analytics platforms. Consolidation For Xero In A Few Steps. Consolidated reporting is an essential tool for any finance professional. The add-in supports Tracking Categories, budgets, multiple orgs, and consolidations, on the same Excel workbook. Its up to you to assess the performance, quality and suitability of any app before going ahead. Everything that I was trying to do in that other program for months I was able to do in Joiin within 2 hours. So Xero counts as one connector, but if you are consolidating 15 Xero entities, then this counts as 15 entity consolidations. Short excerpts on different flavors of CPM and xP&A by our in-house experts, American Tire Distributors Success Story, Acterys Successfully Complete SOC 2 Compliance Audit, Acterys Recognized as a Top-Rated Vendor in 2022 BPM Pulse Research, Superior Plus Propane Chooses Acterys as its Preferred xP&A Platform, Acterys Joins as the Gold Partner of Power BI Summit 23, Acterys Claims the #1 Position on G2's CPM Rankings, optimized for group reporting and analytics, planning and budgeting to project management, Acterys Licenses xP&A Technology to Microsoft: Revolutionizing Planning & Analytics Integration with Dynamics 365, Future-Proofing Financial Planning: How CFOs Can Benefit from Autonomous Planning, Tapping into the Power of Conversational AI in Planning: Instant Insights from Chat GPT, Boost Your Financial Performance: Reports Your FP&A Team Needs. Then follow a short video on how to use your database credentials to connect to Excel. By specifying dedicated inter-company accounts 5 #5) Centage. Vend Absolutely. Click Group, then click "Integrations", then select the company you want to connect and click Connect to Xero.