Group figures should not depend on one spreadsheet and one person.

From multiple entities to one financial view. One definition of revenue, one definition of margin, one version of the truth. The accounting stays in Odoo; the statutory consolidation itself is done in a working file that Odoo feeds.

Signs your group has outgrown the spreadsheet

Consolidation by hand works, right up until it does not — and it usually stops working at the worst possible moment.

  • Group figures exist once a quarter, and only one person can produce them.
  • Intercompany balances never quite agree and get plugged.
  • Each entity uses a slightly different chart of accounts.
  • An auditor, an investor or a buyer has asked for something you had to reconstruct.
  • Currency translation is done by hand and nobody re-checks it.
  • You are considering a raise, an audit or an acquisition in the next eighteen months.

What manual consolidation actually risks

It is not the days spent — it is that the figures cannot be defended. A consolidation nobody can reproduce is a consolidation an auditor will question, and a due diligence will grind on. The work is the same every quarter; only the deadline pressure changes.

  • Quarterly → monthlythe reporting rhythm this makes affordable
  • Reproduciblethe same inputs always produce the same group figures
  • Traceableevery elimination is explainable line by line

Three things people call consolidation

They need different work, and they are confused constantly. Sorting out which one you mean is the first thing we do.

  • AggregationAdding the entities up on a shared chart of accounts. Odoo does this — it is what its own documentation calls consolidation, and for many groups it is enough.
  • Statutory consolidationEliminations, ownership percentages, the applicable framework. Odoo does not do this, and that is not a flaw: the work leaves for a working file that Odoo's accounting feeds. Anyone telling you it is a matter of configuration is selling you configuration.
  • Management consolidationOne analytical language across entities that were never set up to share one. The longest of the three, and the least often asked for — usually because nobody knows it exists.

How we do it

Inside Odoo, so consolidation stops being a translation exercise performed after the fact.

  1. 1We design the group chart of accountsOne structure every entity maps onto. This is the decision that makes everything else possible, and the one most often skipped.
  2. 2We set the intercompany rulesHow intragroup flows are identified, reconciled and eliminated — by rule, applied the same way every period.
  3. 3We build it in OdooMulti-company structure, mappings, currency handling, and the controls that catch a mismatch before it reaches the group report.
  4. 4We prove it on a real periodWe reproduce a period you already closed by hand and compare. If it does not match, we find out why before you rely on it.

What you receive

A consolidation your finance team can run, and an auditor can follow.

  • The group chart of accountsWith the mapping from each entity's local plan, and the reasoning for every choice.
  • The intercompany rulebookIdentification, reconciliation and elimination, written down rather than remembered.
  • The Odoo configurationBuilt, tested against a period you already closed, and documented.
  • The audit trailWhat an auditor or investor asks for, produced by the system rather than reconstructed under pressure.

If you came looking for one particular thing

The detail behind the practice, so you can check that your case is in it.

  • Consolidation scope and ownership percentages
  • Aggregation across entities
  • Intercompany eliminations
  • Group chart of accounts
  • Currency treatment
  • Entity and branch reporting
  • The group close calendar
  • Which framework applies, and what it implies

When this is not the answer

Consolidation sits on top of everything else. It cannot compensate for what is underneath.

  • Your entities' data is not clean or not structured the same way. That is Data & integrations, and it has to come first.
  • You need statutory consolidated accounts audited and filed. We build and operate the consolidation; the statutory audit belongs to your auditor.
  • You have one legal entity. Then this is not your problem, and the free diagnostic will tell you so in five minutes.

Common questions

Odoo handles multi-company and gives you the structure to consolidate inside it. What it does not give you is the group chart of accounts, the intercompany rules and the mappings — that design work is the engagement.

From two, if they trade with each other. The intercompany elimination is what makes manual consolidation painful, and that starts at two.

Yes, and it is one of the places manual consolidation most often goes wrong. Translation rules are set once and applied by the system rather than decided each period.

Then say so at the start — it changes the priorities. Audit and due diligence readiness is mostly about traceability, which affects how we build rather than what we build.

We build and operate the consolidation that produces the figures. The statutory accounts and their audit belong to your auditor, and in several of our countries that separation is required.

Often needed alongside

Start with your group structure

Twenty minutes on your setup tells us how far you are from a monthly group close.

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