In Futrli, you can group multiple organisations together for consolidated reporting and forecasting.
Multi-currency consolidation is supported
Create consolidations with a mix of Sage Accounting, Xero and/or QuickBooks Online organisations
Support inter-company eliminations with offset groups
Pull pre-built forecasts together for a consolidated forecast
How do you consolidate organisations?
You create a consolidated organisation in a similar way to how you create an organisation in Futrli.
Within Futrli, click the company name in the top right. Click Manage Organisations, then click the Consolidations tab. On this page is where you can add a new consolidation.
How does Futrli deal with organisations integrated with different accounting software?
Futrli standardises accounting data from various software, including Sage Accounting, Xero, and QuickBooks Online. Each organisation will sync automatically on average every 24 hours. You can also kick off the sync at any time for any organisation, to provide you with up-to-date data.
How does Futrli handle multi-currencies?
Futrli provides direct access to live and historical FX rates for reporting, forecast creation, and budgeting.
You have full control over FX rates and can override them if you need to. This makes it easy to handle multiple currencies without manual calculations.
How do 'automated eliminations' work?
Futrli simplifies the potentially complex task of manual inter-company eliminations during consolidation creation with offset groups. These offset groups will be reflected in all reporting and forecasting and you can amend them at any time.
How does Futrli manage the chart of accounts of a consolidation?
Futrli offers five pre-made structures for your consolidated chart of accounts. These auto-updating structures allow for quick and accurate forecasting and reporting.
Can you create consolidated forecasts and budgets?
When you create a new forecast within a consolidated organisation, there is an option to bring together individual forecasts previously created within the individual organisations that were consolidated.
Can you report on consolidations?
You can utilise all reporting features for your consolidated entity. This includes scheduled reports, workspace templates, easy report creation, and custom branding.
At the consolidated level, you and other users can also compare individual organisations within the entity.