Consolidate any number of entities with infinite flexibility - get flexible account mapping, multi-currency, department and location consolidation, and much more!
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Knock out consolidated financials in minutes!
Create your consolidated accounts and then map each GL account to a mapped account - and voila!
Regardless of when your fiscal year ends or what months your clients need consolidated reports for, LiveFlow allows you to slice data in minutes.
Consolidate across any currency you need. Use our built in FX rates or add your own custom FX rates for even greater flexibility.
Effortlessly compare the performance of multiple entities, pinpoint numbers, and dive into the nitty-gritty details, all without opening each entity.
LiveFlow makes it easy to generate reports for a specific division or location of your business in minutes, providing insights into its performance.
Not natively, no. QuickBooks Online is a very capable cloud-based accounting platform, but it can struggle with the consolidation of multiple entities, classes, or currencies by default.
This is why many financial professionals turn to third-party integrations, like LiveFlow, to automate their consolidated financial reporting.
The process of manually consolidating financial statements in QuickBooks online can be time-intensive but generally involves exporting reports manually for each class or entity and importing them into your spreadsheet platform of choice.
From there, you will need to combine the data using manual calculations or complicated spreadsheet formulas.
Often, it takes entire teams of financial professionals multiple days to consolidate financial reports at month-end.