The whole group, in one view.
Each company in its own column, the consolidation adjustments and the group total, in your reporting currency. Intercompany is left out by excluding its accounts or tagged entries.
Fibady consolidates the P&L, balance sheet and cash flow of every entity in your group, even if they run different ERPs, charts of accounts and currencies. You connect each entity once, map its accounts to the group chart, define your consolidation groups and the consolidation recalculates on every sync. No linking spreadsheets, no copy-paste, no versions.
How are entities with different charts of accounts consolidated?
Each entity keeps its books exactly as they are in its ERP. In Fibady you map its accounts to a common group chart — once, in 1 to 4 hours per entity — and from then on every new entry lands on the right consolidated line. You can have Odoo in Spain, Holded in a subsidiary and, in Argentina, a Tango connected via API, all in the same view.
What about currencies and FX rates?
Fibady keeps the currency of each company and each bank, and tracks three currencies with separate labels: each company's accounting currency, the group's reporting currency and the display currency you pick in the top bar without altering any data. Your company defines FX rates by currency and month in a grid, in bulk or pasted from the clipboard, so in countries with several exchange rates you use your own. Switch currency and the reports recalculate: you see the same group in euros and dollars with one click.
How does Fibady handle intercompany in the consolidation?
Fibady keeps intercompany out of the group total: in each company's account tree you flag which accounts are intercompany (with semantic roles), or tag specific entries as intercompany, and those amounts do not add up in the consolidation. What does not tie does not vanish: it stays visible on a "Consolidation adjustments" line, and every figure opens to the per-company view and down to the original entry. More in the glossary: intercompany eliminations.
How Fibady does it
- 2 to 60 entities in one group, with consolidation groups and sub-groups
- Group chart of accounts with unlimited levels; the P&L opens as deep as you want
- Three currencies (accounting, reporting, display); FX by month and currency; switch currency and everything recalculates
- Intercompany out of the total, via intercompany accounts or tagged entries; visible "Consolidation adjustments" line
- Control Center: every month it checks debits = credits, that assets equal liabilities plus equity, that no accounts are left unclassified and cash flow against book cash, with the tolerance you set and a green, amber or red traffic light
- Consolidation available minutes after every sync
A real example
A Spanish logistics group with 13 entities consolidated in Excel every month. Today the CFO opens Fibady and the consolidation is already there; the CEOs and COOs of each company log in and see their own. The committee conversation moved from "is this the right number?" to "what do we do about this number?". If you still close in spreadsheets, see the comparison Fibady vs Excel.