Financial Reporting & Consolidation
One set of numbers for every entity in the group.
Commenda rolls local books from every subsidiary into consolidated group reporting: US GAAP or IFRS at the top, local GAAP underneath, intercompany eliminations booked, and a month-end package delivered from your ERP.
Trusted by global businesses
Five ledgers. Three currencies.
One spreadsheet holding it together.
Every subsidiary closes its own books, in its own system, to its own standard. Then someone exports five trial balances into a spreadsheet and calls it consolidation. It works until the month it doesn't.
Consolidation lives in a spreadsheet
Trial balances exported, pasted, and mapped by hand every month. Add an entity and the model breaks. The person who built it is the only one who can fix it.
Local books don't match group books
Each entity reports in local GAAP because local filings require it. Translating to US GAAP or IFRS happens ad hoc, at year-end, under deadline pressure.
Intercompany never quite eliminates
One entity books the charge, the other doesn't, and the difference sits in a suspense account until the audit finds it.
What you get
What the service includes.
Local books rolled up into group reporting
Every subsidiary's books close on the same cycle and roll up into one consolidated set of statements. One close process, not one per country.
US GAAP or IFRS on top of local GAAP
Local statutory books stay in local GAAP. We maintain the mapping and adjustment entries to your group standard, applied consistently every month.
Intercompany eliminations booked
Intercompany transactions flagged, balances reconciled between entities, and elimination entries recorded at consolidation. Resolved in the close, not in the audit.
Built on your ERP, not around it
Native integrations with NetSuite, Xero, QuickBooks, and Sage Intacct. Trial balances pull direct from source; nothing is re-entered by hand.
A month-end package, on a schedule
Per-entity trial balance, P&L, and balance sheet, plus consolidated group statements. Defined deliverables, delivered on the same date every month.
Version history and an audit trail
Every set of statements versioned, every supporting schedule linked, everything in one vault. Auditors get read-only access; nobody shares credentials.
How it works
From scattered ledgers
to one reporting package.
Same workflow whether we consolidate two entities or twenty.
Step 01
Scope
Share your entity list, accounting systems, and group reporting standard. We define the month-end package and return a fixed quote.
Step 02
Connect and map
We connect each entity's ERP, map charts of accounts to the group standard, and align accounting policies. Books behind? Cleanup happens here.
Step 03
Monthly close
Local books close on schedule, trial balances pull automatically, intercompany reconciles, eliminations post, and the consolidated package lands on your desk.
Step 04
Quarter and year-end
The same numbers feed statutory accounts, corporate tax returns, and audit support. One source of truth, tied out end to end.
A spreadsheet,
or a system.
Spreadsheet consolidation works at two entities. At five, it's a monthly risk. Commenda replaces the model with a process that doesn't depend on the person who built it.
The spreadsheet method
A consolidation that lives in one person's head.
- Trial balances exported and pasted by hand
- GAAP adjustments rebuilt at year-end
- Intercompany differences parked in suspense
- Model breaks every time an entity is added
- No version history, no audit trail
- Close date depends on the slowest subsidiary
Commenda
Consolidation that runs as a system.
- Trial balances pull direct from each ERP
- Group GAAP adjustments applied every month
- Intercompany reconciled and eliminated in the close
- New entities onboard into the same process
- Versioned statements with linked workpapers
- Every entity closes on the same schedule
Where it fits
Consolidation is only as good
as the books underneath it.
Group reporting starts with clean entity-level books and ends in filings: local annual accounts, tax returns everywhere. Commenda runs the bookkeeping beneath this service and the filings above it, so the same numbers flow through all three.
Common questions
Per entity: closed local books, trial balance, profit and loss, and balance sheet. At group level: consolidated statements with intercompany eliminations applied and local GAAP adjusted to your group standard. The exact deliverables are defined in the engagement, so you know what arrives each month and when.
Yes. Each subsidiary keeps statutory books in its local GAAP, because local filings require it. We maintain the mapping and adjustment entries that translate those books to US GAAP or IFRS at group level, applied consistently every month rather than rebuilt at year-end.
Intercompany transactions are flagged as they're booked, balances are reconciled between entities each month, and elimination entries are recorded at consolidation. Mismatches get resolved during the close, not discovered by your auditors.
Native integrations with NetSuite, Xero, QuickBooks, and Sage Intacct. Trial balances pull directly from the source with no manual extraction, and a REST API is available for custom stacks. Your ERP stays the system of record; we don't move your data into a tool you don't control.
No. Your team reviews and approves rather than coordinates and chases. Commenda does the entity-level close work, the eliminations, and the package assembly. Judgment calls, sign-off, and board communication stay with you.
Cleanup comes first, and it's a routine starting point. We reconcile from source statements, fix misclassifications, and close the open periods entity by entity. Once every ledger is current, the monthly consolidation cycle takes over. If you also need the bookkeeping done each month, that's a service we run alongside this one.
Retire the consolidation
spreadsheet.
Book a 30-minute call. We'll walk through your entity structure and reporting stack and show you exactly what the monthly package would look like, and what it would cost.
