MaxQ Technologies’ Advanced Consolidation Suite is a collection of modules that create the entries required to consolidate multi-company environments. Integrated with Acumatica, this suite offers automation capabilities to improve the accuracy and speed of consolidate financial statements.
Save Time and Increase Accuracy - Automatic consolidations reduce errors and decrease the time required for closing financial periods.
Gain Better Visibility Into Your Financial Statements - See multiple consolidation points and the impact of equity pickup at any time during the closing process.
Maintain GAAP Compliance - Automatically reclassify account balances to asset or liability accounts based on the net debit or credit balance. No assets or liabilities with reverse natural balances.
Show Correct Equity Balances - Automatically moves Net Income from subsidiaries to Investment Accounts on parent’s ledger.
Eliminations Made Easy - Automatically eliminate intercompany balances, including Equity eliminations.
Flexible tree structure supports multiple consolidation points.
Schedule Processes or run on-demand. The processes can be run multiple times for the same financial period. The process will automatically reverse out the prior entries for the fiscal period if it exists. A reporting ledger can be used during the close cycle with a final run performed when the numbers are finalized. Debit credit logic solves this issue by using a single due to/from account for each intercompany relationship.
MaxQ Technologies, Inc. (MaxQ) is a leading Value-Added Reseller and Independent Software Vendor specializing in business solutions to the Consumer Goods, Manufacturing, Distribution, and Professional Service industries. A recognized leader for almost 30 years, MaxQ has a team of dedicated resellers that provides local support for national implementations in most states across the USA.
With more than 1,000 customer locations in North America, Europe, South America, and Australia, each client relies on our deep industry expertise to run their daily operations and optimize their businesses’ overall performance. This commitment to innovation, industry expertise and exceptional service is just one reason why so many have remained MaxQ clients year after year.
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