Value Proposition: Consolidated Financial Statements are not hindered because “the numbers are many,” but because the consolidation is done without a clear ownership record, without an Intercompany Matrix, and without documented Eliminations & Adjustments within the JE Log. This template transforms consolidation into a closing process: TBs for companies → Unified Mapping → Eliminations/Adjustments → Consolidated Adjusted TB → Consolidated Statements + Reviewable Evidence File (Closing Pack).

In 20 Seconds: What Will You Get?

• Group Structure: Ownership record (Parent/Subs) + Scope + Control ratios and NCI.
• TB Import: Import TB for each company (Standard columns) + Import Log.
• COA Mapping: Unifying the chart of accounts/aggregating it for consolidated items with Unmapped list.
• Intercompany Matrix: Linking AR/AP and Sales/COGS and Loans/Interest between companies before elimination.
• Eliminations + JE Log: Templates for Eliminations entries + JE Log documented with references.
• Consolidated TB / Adjusted TB: Consolidated trial balance after eliminations and adjustments.
• Closing Pack: Delivery index + Reconciliations + Sign-off for internal/external audit.

CTA related to outputs: Receive Consolidated TB + Eliminations Register + Adjusted TB + Consolidation JE Log + Closing Pack.

Suitable For

• Group Accountant / Consolidation: Consolidating multiple companies with Intercompany eliminations and evidence file.
• Financial Controller: Issuing a unified Adjusted TB before Year-End and a reviewable delivery.
• External Reporting: Preparing consolidated statements with Tie-outs and Versioned copies.

Not Suitable For

• Those looking for a service for inquiry about filing financial statements or inquiry about uploading financial statements — the product is not an inquiry portal or filing platform.
• Those wanting a complete Consolidation Software system (Automated FX translation, multi-ledger integrations, workflow) — this is an Excel/Docs operating model for delivery, not a system.

Without the Template / With the Template (Short Comparison)

Before Use: 5 Symptoms That Consolidation Will Disrupt Year-End

• TBs arrive in different formats, and there is no Import template or Import log that proves each company’s version.
• Differences in COA between companies lead to “scattered” items in the statements without unified Mapping.
• Intercompany does not match (AR/AP or Sales/COGS) leading to “approximate” eliminations and discrepancies.
• Consolidation entries are not managed as a JE Log and there is no Register linking them to the reason and document.
• There is no unified Adjusted TB that can be traced, causing disruptions during the review when evidence/Traceability is requested.

How Are Consolidated Financial Statements Built Practically?

Step 1: Preparation and Gathering Reports

• Establishing the scope of consolidation (in-scope/out-of-scope companies) + ownership ratios (Control / NCI) and acquisition/sale dates if applicable.
• Receiving TB for each company for the same Cut-off (Month-End/Year-End) + basic Reconciliation outputs for each company.
• Preparing Intercompany data: AR/AP, intercompany sales/purchases, loans/interests, dividends, intercompany inventory (if applicable).

Step 2: Mapping + Eliminations + Consolidation JE Log

• Importing TBs into the Import template and recording the source of each version in the Import log.
• Executing COA mapping to consolidate accounts under unified items, and producing an Unmapped list as a working document.
• Running the Intercompany matrix to identify matching discrepancies before elimination, then issuing Eliminations entries and documenting them in the Consolidation JE Log.

Step 3: Consolidated TB + Adjusted TB + Statements + Closing Pack

• Producing the Consolidated TB then Adjusted TB after eliminations/adjustments (in a Versioned copy).
• Generating the consolidated statements (P&L/BS/CF) and linking them to the Adjusted TB via Tie-outs.
• Compiling the Closing Pack: Logs + Reconciliations + Exception lists + Sign-off before delivery to the auditor.

Template Components (Clear Inventory)

1. Group Structure & Ownership Register
   • Practical Purpose: Establishing Scope + Ownership ratios + Identifying the presence of NCI and how it is calculated.
   • When Used: At establishment + Updated upon acquisition/sale/structural change.
   • Resulting Evidence: Versioned ownership schedule + Supporting decisions/documents (if applicable).
2. TB Import Templates + Import Log
   • Practical Purpose: Importing TB for each company in the same structure (Account/Dr/Cr/Period/Entity).
   • When Used: Every Month-End/Year-End.
   • Resulting Evidence: TB snapshots + Import log proving the source of the version.
3. COA Mapping / Normalization
   • Practical Purpose: Unifying items across companies to avoid duplicate/scattered items in the statements.
   • When Used: First time then updated with any new accounts.
   • Resulting Evidence: Mapping log + Unmapped list + Classification decisions.
4. Intercompany Matrix (AR/AP, Sales/COGS, Loans, Dividends)
   • Practical Purpose: Proving matching before elimination and showing matching discrepancies (Who owes who / Who sold to who).
   • When Used: Monthly and essential at Year-End.
   • Resulting Evidence: Intercompany reconciliation + Exception list (discrepancies and their sources).
5. Eliminations JE Templates + Eliminations Register
   • Practical Purpose: Generating eliminations entries (Intercompany balances & transactions) and linking them to their references.
   • When Used: Month-End/Year-End after closing subsidiaries.
   • Resulting Evidence: Eliminations register + Entry number/Reference + Impact of each entry.
6. Consolidation Adjustments (incl. NCI & Goodwill placeholders)
   • Practical Purpose: Recording consolidation adjustments (Presentation reclass / adjustments) and calculating NCI if applicable.
   • When Used: Often at Year-End, and sometimes at Month-End if reporting is periodic.
   • Resulting Evidence: Adjustments schedule + NCI calculation + References for decisions/memos.
7. FX Translation Sheet (optional)
   • Practical Purpose: Documenting foreign currency translations (rates) and linking the translation impact to the statements.
   • When Used: When there are multi-currency entities.
   • Resulting Evidence: FX rates table + translation impact + Tie-out.
8. Consolidated TB + Adjusted TB Outputs
   • Practical Purpose: Producing a consolidated trial balance (before/after) eliminations and adjustments.
   • When Used: Every period of preparing consolidated statements.
   • Resulting Evidence: Consolidated TB/Adjusted TB versioned + audit trail for entries.
9. Consolidated FS Outputs (P&L/BS/CF) + Tie-outs
   • Practical Purpose: Transforming Adjusted TB into consolidated statements with linking of statement items to their sources.
   • When Used: Primarily at Quarter/Year-End.
   • Resulting Evidence: FS outputs + tie-out report + list of discrepancies if any.
10. Closing Pack Index + Sign-off
    • Practical Purpose: Organized delivery for review: What was done? Who reviewed? What is the version?
    • When Used: When final version for the month/year is established.
    • Resulting Evidence: Pack Index + Prepared/Reviewed/Approved + Version control.

What Should Be Included in the Delivery?

• 01-Group Structure: Ownership record + Scope + Control ratios and NCI + Any structural changes.
• 02-Entity TB Snapshots: TB for each company (Export) + Import log + Extraction date.
• 03-COA Mapping: Final Mapping + Unmapped accounts list + Presentation decisions.
• 04-Intercompany Matrix: AR/AP + Sales/COGS + Loans/Interest + Dividends (as per group activity) + Exception list.
• 05-Eliminations Register: Eliminations entries + Reasons + References + Impact on TB.
• 06-Consolidation Adjustments: Consolidation adjustments schedules + NCI calculation + Memos/References.
• 07-FX Translation: (if applicable) Exchange rates + Translation impact + Tie-out.
• 08-Consolidated TB / Adjusted TB: Before/After + Versioned copy for the period.
• 09-Consolidated FS Outputs: P&L/BS/CF + Tie-outs for statement items.
• 10-Reconciliations: Key reconciliations (Intercompany tie-out, mapping discrepancies, cash/BS discrepancies if any).
• 11-Consolidation JE Log: JE log (Prepared/Reviewed) + References for entries.
• 12-Pack Index & Sign-off: Pack index + Prepared/Reviewed/Approved + Month/Year version.
• 13-Archiving Map: Folder tree + Naming convention to link each Version to its storage location.

After Implementation (Two Points Only)

• Operational Outcome for the Team: Consolidation becomes fixed steps: TBs → Mapping → Intercompany matrix → Eliminations/Adjustments → Unified Adjusted TB instead of manual aggregation.
• Control/Audit Outcome: Traceability: Consolidated statements number ↔ Adjusted TB ↔ Eliminations/JE Log ↔ Intercompany sources, within the Closing Pack with versions and Sign-off.

FAQ — Questions Before Purchase

Does the template work with any accounting/ERP system?

Yes. Because the primary input is TB exports, then Mapping/Eliminations/Outputs within Excel with Tie-outs.

Does it include Eliminations for Intercompany (AR/AP and Sales/COGS)?

Yes. It includes an Intercompany matrix + Eliminations JE templates + Eliminations register to document the elimination and its impact.

Does it support multi-branch and entity companies?

Yes. TB for each entity/company is entered and a consolidated TB is produced with analysis by entity when needed.

Does it support multiple currencies (FX Translation)?

It supports as an optional section: FX rates table + translation impact + Tie-out. If you have high complexity (multiple currencies/more than one presentation method), you may need additional development or a specialized consolidation system.

Does it produce a consolidated Cash Flow?

Cash Flow can be output as part of the package if working capital, FA, and financing data are available and prepared in the tables. The template relies on clear inputs and is not “automatically pulled” from banks.

What is the minimum data required to get started?

TB for each company for the same period + ownership structure + basic Intercompany transactions. To improve delivery quality: FA tables, debts/financing, and summary Reconciliations for each company.

Is it suitable for Month-End or Year-End only?

It works for both. The stronger use is usually Year-End, but it can be run monthly if the group issues periodic consolidated reports.

Is the product related to “filing financial statements” or “inquiry about uploading financial statements”?

No. These are search terms related to inquiry/filing on external platforms. The product prepares consolidated statements and an internal evidence file for audit and delivery.

Does it cover what financial statements are and types of financial statements as educational content?

There is an operational Runbook explaining the steps of consolidation practically. General educational content is outside the scope of the product (the product aims for operational delivery).

Ready to Transform Consolidation into a Closing Pack Instead of Scattered Tables?

Outputs: Consolidated TB + Adjusted TB + Intercompany Matrix + Eliminations Register + JE Log + Closing Pack Index.