Home Author archive for: Kevin Wiegand You closed the deal, recorded the fair values, and prepared your first consolidated accounts. Now you have to do it again next month – and every month after. Preparing consolidated financial statements subsequent to date of...
Home Author archive for: Kevin Wiegand Goodwill is one of those numbers that looks simple, then breaks your consolidation when one input is off by £1. If you’re searching for how to calculate goodwill in consolidated financial statements, you need the acquisition-date...
Home Author archive for: Kevin Wiegand When your group acquires a subsidiary for more than the fair value of its net assets, the excess becomes goodwill on your consolidated balance sheet. This intangible asset sits exclusively in the consolidated financial...
Home Are you running month-end close across multiple entities and still relying on standalone reports to tell the full story? If your business has grown beyond a single company, understanding standalone vs consolidated financials is not optional – it determines...
Home Your group just acquired a new subsidiary. Or your business has grown from a single entity into a multi-company structure. Either way, the task ahead is clear: you need to prepare consolidated financial statements, and you have never done it before. The first...
Home If you manage multiple entities, consolidation usually fails in the same places every month: mismatched intercompany balances, FX translation, and eliminations living in fragile spreadsheets. A consolidated financial corporation is simply a group that reports...
Home You have spent weeks pulling together subsidiary data, processing elimination entries, and reconciling intercompany balances – then the auditors arrive and every formula, journal, and assumption faces fresh scrutiny. If your consolidation process cannot...
Home Your subsidiary declares a £200,000 dividend to the parent company, retained earnings drop on one side, and dividend income appears on the other. Simple enough on each entity’s books, but what happens when you consolidate? The treatment of dividend in...
Home If you’re trying to deliver multi-entity Xero reporting in Looker Studio, you’ll quickly hit the limits of “connect-and-go” setups – especially once you have multiple Xero organisations to roll up. Looker Studio doesn’t provide a Google-built Xero...
Home Ever wondered why your Xero financial data seems trapped inside your accounting software while your team builds dashboards in Looker Studio? You’re not alone. Finance teams across the UK, Australia, and New Zealand face this exact challenge every month-end....
