Multi-Entity Consolidations: Avoiding Common Mistakes
Consolidating across multiple entities is one of the toughest enterprise accounting challenges. Here’s how to avoid common mistakes.
Common Consolidation Mistakes
- Missing eliminations
- Incorrect FX conversions
- Double-counting revenue
- Inconsistent chart of accounts
Best Practices
- Standardize chart of accounts across entities
- Use automated consolidation tools
- Outsource consolidation review to controllers
Why Outsourcing Helps
- Experts handle eliminations, FX, segment reporting
- Compliance with GAAP and IFRS
- Faster close cycles
Get Started
- Enterprise Consolidations
- Request a Consolidation Review
- Multi-Entity Consolidation
- Schedule a Consultation
FAQs
What is the biggest risk in multi-entity consolidations?
Compliance failures from missed eliminations and FX errors.
How can outsourcing speed consolidations?
By using standard templates and automation to shorten close cycles.
