Consolidation

Consolidation is when you collect the accounting and budget figures from several companies in one place. It is relevant if your organisation comprises multiple business or operating units and legal entities.

Our consolidation solution is an add-on product to budget123 and it requires:

More info & pricing 

How to consolidate in budget123

Consolidating your business units is easy and can be done in five simple steps. Simply follow the guide below. Keep an eye on the actions and note if they occur in a subsidiary (S) or the consolidated license (C).

S	Models	Make at least one model in at least one subsidiary ready for consolidation
C	Models	Create a new model for consolidation
C	Synchronise	[Update company info], select model for consolidation and [Get data]
C	Global settings	Go to Chart of accounts and [Get account groups] from a subsidiary
C	Global settings	Go to Account links and [Auto link] or drag and drop accounts/ account groups from one or more subsidiaries to the consolidation chart of accounts
C	Settings	If the subsidiary is using a different currency, you can enter the relevant exchange rates in Settings in the menu on the left

S = Subsidiary; C = Consolidation license