Consolidation for Group of Companies

How to use Consolidation in ProudNumbers

Streamline Consolidated Reporting with ProudNumbers

Managing financial reporting across multiple entities is no small task. As an accountant or financial advisor, you understand the complexity and precision it requires. ProudNumbers is here to simplify the process, saving you time and money.

Why Choose ProudNumbers for Your Financial Reporting Needs?

1. Effortless Consolidated Financial Reporting

   ProudNumbers turns consolidation into a straightforward task with its step-by-step wizard:

   • Select companies for consolidation.
   • Create a custom chart of accounts tailored to your consolidated entity.

   With ProudNumbers, you can instantly generate Consolidated:

   • Profit and Loss Statements (P&L)
   • Balance Sheets
   • Debtor and Creditor Reports
   • Key Performance Indicators (KPIs)
2. Seamless Multi-Currency Handling

   Reporting across borders? ProudNumbers simplifies the challenge with:

   • Currency conversion capabilities designed for multinational operations.
   • Automatic exchange rate adjustments to ensure accurate, up-to-date figures.

   This eliminates the stress of managing multiple currencies, giving you peace of mind.

3. Accurate Intercompany Eliminations

   Prevent double-counting of internal transactions with ProudNumbers’ intercompany elimination feature. This ensures:

   • Precise consolidated financial reports.
   • A clear and reliable view of your organization’s true financial position.
4. Drill-Down Functionality for Deep Insights

   When you need more information, ProudNumbers delivers:

   • Detailed insights into specific transactions or accounts.
   • Enhanced visibility for better decision-making.
5. Flexible Reporting Across Multiple Periods

   ProudNumbers meets diverse reporting needs by supporting:

   • Comparative analysis across years.
   • Report generation for various timeframes, from weekly to yearly.
6. Unlimited Consolidations with a Single License

   Scale your operations effortlessly with ProudNumbers:

   • Consolidate multiple companies under a single license.
   • Include individual companies in various consolidation scenarios as needed.

   Ideal for managing diverse portfolios, this feature maximizes both efficiency and scalability.

7. Customizable Report Granularity

   Tailor your reports to match your unique needs with ProudNumbers’ flexible chart of accounts:

   • Focus on high-level categories for quick overviews.
   • Dive deep with nominal-code-specific insights.
   This customization ensures your reports reflect exactly what you need.

Ready to Transform Your Financial Reporting?

ProudNumbers delivers simplicity and sophistication in consolidated reporting. Take the first step today—explore ProudNumbers and elevate your financial reporting process.