Advanced Consolidation

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.