In Futrli, you can group multiple organisations for consolidated reporting and forecasting.
Multi-currency consolidation is supported.
Create consolidations with a mix of Sage Accounting, Xero, QuickBooks Online and/or Excel organisations.
Support inter-company eliminations with offset groups.
Pull pre-built forecasts together for a consolidated forecast.
How do you consolidate organisations?
In the Create option found in the menu bar at the top of the page, select Consolidation.
How does Futrli deal with organisations integrated with different accounting software?
Futrli standardises accounting data from various software, including Sage Accounting, Xero, QuickBooks Online and organisations upload with Excel.
Each organisation (excluding Excel organisations) 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.
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.