Consolidation support across every entity
Consolidating several entities often runs through one large spreadsheet: trial balances exported one by one, eliminations keyed in by hand, FX translation rebuilt every month. The Accounting Agent pulls each entity's trial balance, prepares the eliminations in your logic, and produces a consolidated view your team reviews before anything posts.
What the Accounting Agent prepares
- Entity-level trial balances pulled from your ERP and aggregated in one working paper
- Intercompany balances matched by counterparty, with differences flagged
- Elimination and adjustment entries drafted for review
- FX adjustments prepared with the rates and method your team applies
- A consolidated view, with variance analysis at entity and consolidated level
How it works
- Pull the data. Ledge reads subsidiaries and entities from your ERP and pulls each trial balance and intercompany report directly.
- Prepare the work in your logic and format. The Accounting Agent builds the consolidation working paper around your entity structure, mappings, and elimination rules, with live formulas.
- Review and approve. Eliminations and adjustments post to your ERP only once you approve them.
What stays in your control
- Entity-specific checklists, each with its own preparers and reviewers
- Every elimination traced to the balances on both sides
- Elimination rules and FX method defined by your team, not inferred
Standard note
ASC 810 and IFRS 10 set out when a parent consolidates another entity and require intercompany balances and transactions to be eliminated in the consolidated statements.
FAQ
Does Ledge handle intercompany eliminations?
Yes. The Accounting Agent matches intercompany balances across entities, flags differences, and drafts elimination entries for your approval. Each elimination is traced to the balances on both sides, so a reviewer can see why it was booked.
What happens when we add an entity?
In NetSuite, Ledge detects the new subsidiary and creates the reconciliation and flux tasks it needs. You assign owners, and the entity is part of the next consolidation.
Can we run flux analysis on consolidated numbers?
Yes. Ledge supports variance analysis at both entity and consolidated level, with each explanation tied to the entity activity behind it.
