Group consolidation

The group, ready every morning.

Each company's accounting system is connected and the accounts are mapped to a common group chart of accounts. The group is recalculated automatically every night, with eliminations, acquisitions, minority interests and currency translation. After every run Fintower checks that the numbers hold together.

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Data in the EUNo AI training on your data

How the group accounts are put together in most smaller groups

Every month the group is assembled by hand, and it takes days before management sees the whole.

  • Every company exports from its own system, and the accounts are named differently in every export.
  • Intercompany invoices and loans are reconciled and eliminated in a spreadsheet.
  • Companies in other countries have to be translated into the group currency before anything can be added up.
  • When someone asks why a number changed, the trail ends in a tab only one person understands.
01Consolidation

See the group as one company

The companies are combined into one group view and intercompany transactions are eliminated, so the total shows what the group actually earned. Foreign companies are translated into the group currency, and you follow both the group and every company.

02Checks and locks

Numbers that check themselves

After every run Fintower checks the balance, that every account is mapped, that intercompany balances net out, and that goodwill and minority interests add up. When the month is done you lock it, and it never changes again.

03Fintower AI

Set up the group in a chat

Attach the group's annual report or consolidation file. Fintower AI reads the companies' books and proposes companies, account mapping and elimination rules. Every proposal shows what it does to the numbers, and nothing is saved until you say yes.

04Reconcile

Compare with your own report

Upload the group report from your accountants or last year's accounts as Excel or CSV. Fintower compares cell by cell and shows exactly which accounts and months differ.

05Chart of accounts

One chart of accounts for the group, whatever the system

Each company's accounts are mapped to a common group chart of accounts, even when the companies have different accounting systems and charts of accounts. Accounts without a group account show up at once, so errors are found before the report goes to management or the board.

06Traceability

From the group down to the voucher

Click from the group's numbers to the company, on to the account and down to the voucher. The bridge shows how the group's profit is built up from the sum of the companies, through eliminations, acquisitions, minority interests and translation.

How Fintower does it

Consolidation, budget and reporting in one platform

Different systems in different companies

Fortnox, Visma, Hogia, Business Central and 120+ systems in total are connected at the same time. You don't change accounting system and no migration is needed.

Calculated every night

When a company fetches new bookkeeping the group is recalculated, and every night all open months are run.

Acquisitions and minority interests

Capital elimination, goodwill with amortisation and the minority share are calculated from the ownership shares, by date.

Manual group entries

Entries that are not in the companies' books are added as manual postings and carried into the group's reports.

Budget and forecast for the group

Budget each company on its own and see the group as a whole. Actuals are followed against budget at both company and group level.

Set up for you

We set up your group structure, chart of accounts and reports. Implementation and onboarding are included at no separate cost.

Fintower for groupsAll features
FAQ

Frequently asked

Do the companies need the same accounting system?+
No. Each company is connected with its own system, and the accounts are mapped to a common group chart of accounts. Fortnox in one company and Business Central in another work at the same time.
How are intercompany balances handled?+
Transactions between the companies are eliminated, so the group's revenue, costs and balance sheet only show what concerns parties outside the group.
Do you handle companies in other countries?+
Yes. Foreign companies are translated into the group currency at the Riksbank's rates before they are added up, so the group's numbers can be compared directly.
Do you handle acquisitions and minority shareholders?+
Yes. Acquisitions give capital elimination, goodwill and amortisation, and the minority share is calculated from the ownership shares by date.
How do we know the group numbers are right?+
After every run Fintower checks the balance, the mapping, intercompany balances, goodwill and minority interests. You can also upload your own group report and compare cell by cell.
Can past months be changed afterwards?+
Not once they are locked. A locked month stays as it was reported. If a company books a change afterwards, it is taken up in the next open month and shown as retroactive.
Who can change the group?+
Owners and administrators set up the group, run and lock months. Fintower AI for the group is only open to them.
Do we get the income statement, balance sheet and cash flow for the group?+
Yes. You get the group's income statement, balance sheet and cash flow, and can go from group level down to company, account and voucher.
How long before we are up and running?+
The build itself takes under a week from when we have access to the systems. What decides the calendar time is how quickly we get answers and access from your side; in practice it usually lands at two to three weeks.
What does it cost?+
Groups and multi-company setups are on the Scale plan, from 7 990 kr ($829) per month excluding VAT. The price is quoted on the number of companies, users and integrations. Implementation, integrations and onboarding are included.
What will we see in the demo?+
We show how the consolidation works, starting from your companies, systems and how you put the group together today. The meeting takes 30 minutes.

See what your group looks like in Fintower.

We go through your companies and systems and show how the consolidation can be set up.

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