Fintra Feature
Every entity, every currency, one set of books
Group Consolidation
Example figures- ENTITIES
- 6
- USD · EUR · GBP · INR
- REPORTING CCY
- USD
- group parent
- CTA RESERVE
- $41,200
- this period
- DE GmbH: balance sheet @ closing 1.0850
- translated
- DE GmbH: P&L @ avg 1.0790
- translated
- FX difference, then CTA reserve (equity)
- +$41,200
- Group roll-up (6 entities)
- consolidated
- Intercompany eliminations
- manual · roadmap
Translation, done by the book
| Account class | Rate used | Where the difference lands |
|---|---|---|
| Assets & liabilities | Period-end closing rate | Cumulative translation adjustment (equity) |
| Equity (historical) | Rate at transaction date | No re-translation |
| Revenue & expenses | Period-average rate | Cumulative translation adjustment (equity) |
| Retained earnings | Roll-forward of prior + translated NI | Reconciled to opening |
One group view, not six exports
Because each subsidiary posts to the same underlying ledger with its own functional currency and dimensions, the group consolidation is a query, not a spreadsheet stitch. You pick a reporting currency and a period, and Fintra translates and rolls the entities up on demand: the same numbers your local controllers see, expressed in the parent’s currency.
Questions people ask
Which exchange rates does Fintra use for translation?
Balance-sheet (monetary) accounts translate at the period-end closing rate, P&L accounts at the period-average rate, and historical equity at its transaction-date rate. The net difference posts to a cumulative translation adjustment (CTA) reserve in equity.
Can it produce consolidated financial statements across entities?
Yes, because every subsidiary posts to the same ledger in its own functional currency, the group roll-up is a live query for any reporting currency and period, not a manual spreadsheet consolidation.
Does it automatically eliminate intercompany transactions?
Not yet. Automated intercompany elimination is on the roadmap; today you record eliminations as manual journal entries at the group level. The translation and roll-up mechanics are automated and tested.
How is this different from a standalone consolidation tool?
A standalone tool imports trial balances from each entity and hopes they reconcile. Fintra reads from the single ledger the entities already post to, so there is no import step and no subledger drift to chase.
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One ledger, every currency, country, and channel
See consolidation, payroll, and revenue post into the same books: nothing to reconcile.