Bring company data together in one model. Reconcile intercompany transactions, apply eliminations and adjustments, and prepare financial statements under the standards adopted by the group.
Entity data collected in a consistent layout.
Assigning company data to group line items.
Company data in the group's reporting currency.
Comparing the amounts reported by both parties to a transaction.
Eliminations according to the rules adopted by the group.
Entering and tracking adjustments at group level.
Checking totals and differences before reporting.
Balance sheet, income statement, cash flows and changes in equity.
Disclosure data in the layout adopted by the group.
Company A reported PLN 8m in receivables, and Company B reported PLN 7.9m in payables. In this example, the difference is explained by a missing item in Company B's package.
Simplified balance reconciliation example · PLN
In this simplified example, PLN 8m of internal sales has a matching amount in the other company's costs. The elimination reduces both items by the same amount, so operating profit stays at PLN 12m.
The view shows the impact of the elimination on individual P&L items. Illustrative data.
A shared chart of accounts and group line items helps standardize the data.
Translate currencies and reconcile intercompany balances and transactions.
Check the impact of eliminations and adjustments on the financial statements and notes.
Prepare the balance sheet, income statement, cash flow statement, statement of changes in equity and notes. Tailor the report layout to the policies adopted by the group.
A common scope of data submitted by the companies.
Reports based on post-consolidation data.
Integration of accounting, ERP, sales and HR systems and Excel.
Visibility into adjustments and their impact on group results.
Sample report layout · illustrative data
Collecting company packages, account mapping, currency translation, intercompany reconciliation and eliminations, consolidation adjustments, and preparing the group's financial statements and notes.
Yes. Company data is translated into the group's reporting currency using the rates set for the period and item type.
The model compares the balances and transactions reported by group companies and, once reconciled, eliminates them according to the configured rules.
Yes. The adjustment history shows which items they were posted to and how they changed the group's results and balance sheet.
Yes. You can tailor the layout of the balance sheet, income statement, cash flows and notes to the standards and policies adopted by the group.
As a proof of concept, we’ll rebuild your reporting or planning model in Fincorex® and show it to you at our next meeting.
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