What consolidation means
When several companies belong to the same group, the individual statements do not give a complete picture. The consolidated accounts present the group as a single entity: positions are added together, but reciprocal transactions and balances (intra-group sales, loans, holdings) are eliminated to avoid double counting.
What we do for you
- Collect and check the group companies’ balances;
- Align accounting policies across entities;
- Eliminate intra-group transactions and balances;
- Handle holdings, minority interests and consolidation differences;
- Prepare the consolidated financial statements;
- Deliver the report in the group language for the parent company or auditor.
Why Conta Fiscal
Correct consolidation requires both technical discipline and communication with several entities, often in different languages. We cover both.
Frequently asked questions
The obligation depends on the group's size thresholds. We check whether and from what level your group must consolidate.
Mutual sales, purchases, loans and balances between group companies, which must be eliminated to avoid double counting.
Yes. We align policies and format before consolidation, even from different systems and countries.