Consolidated Financials Without a Consolidation Spreadsheet
Run each entity on its own books, close them on their own timelines, and translate foreign currencies into one consolidated report. Automatic intercompany elimination is on our roadmap - not shipped yet.
What multi-entity consolidation in Fintra does
Holding companies and multi-entity businesses usually build consolidation by hand: export each entity’s trial balance, paste into a workbook, translate foreign currencies, and reconcile every period. Fintra keeps each entity’s books separate but connected, runs a close per entity, and translates foreign entities into one reporting currency for a consolidated report - so the currency-translation and roll-up work is done for you. Automatic intercompany elimination isn’t built yet; it’s on the roadmap, and today you record intercompany eliminations as adjusting entries, like any other consolidation adjustment.
- Separate books per entity, sharing a common chart-of-accounts structure
- A Close Board and close-readiness score per entity, on their own timelines
- Multi-currency FX translation of foreign entities into your reporting currency
- A consolidated P&L and balance sheet across entities, in one reporting currency
Core capabilities
| Capability | What it does | What it replaces |
|---|---|---|
| Multi-entity books | Keeps each entity’s ledger separate but on a shared structure | Separate software instances per entity |
| Multi-currency translation | Translates foreign entities into your reporting currency with period-end FX revaluation | A manual FX conversion workbook |
| Consolidated reporting | Rolls entities into one P&L and balance sheet, in one currency | Pasting each entity’s trial balance into a workbook |
| Entity-level close | Runs a Close Board per entity before consolidation | One close process stretched across every entity at once |
| Intercompany elimination | On the roadmap - recorded as adjusting entries today, not auto-netted | Automatic netting (not yet built) |
How it works
From entity books to a consolidated statement
- 1
Close each entity
Run the Close Board for each entity individually, on its own timeline.
- 2
Translate currencies
Foreign entities translate into your reporting currency with period-end FX revaluation posted to the books.
- 3
Review the consolidated view
See a combined P&L and balance sheet in one currency, with the ability to drill back into any entity.
- 4
Handle intercompany
Record intercompany eliminations as adjusting entries; automatic netting is on the roadmap.
- 5
Approve consolidated numbers
A named approver signs off on the consolidated statement before it’s treated as final.
Governance across entities
Consolidation errors are expensive precisely because they touch every entity at once. Every entity-level close step and every FX translation applied during consolidation is recorded in the SentriAI audit trail, so a discrepancy can be traced back to its source rather than re-derived from scratch.
Frequently asked questions
How does intercompany elimination work?
Automatic intercompany elimination isn’t built yet - it’s on our roadmap. Today you record intercompany eliminations as adjusting entries, the same way you’d handle any consolidation adjustment, and every entry is captured in the audit trail. What is automated today is multi-currency translation of each entity into your reporting currency at period-end rates.
Can each entity close on its own schedule?
Yes. Each entity runs its own Close Board and close readiness score, so a fast-closing entity isn’t held up by a slower one. Consolidation runs once every entity involved has closed, pulling from each entity’s finalized numbers.
Can I still see individual entity financials, not just consolidated?
Yes. Consolidated reporting rolls entities up for a combined view, but you can drill into any single entity’s standalone P&L and balance sheet at any time - consolidation doesn’t replace entity-level reporting, it adds to it.
Does this work for entities in different currencies?
Multi-currency entities use Fintra’s FX conversion and period-end revaluation before rolling into the consolidated report, so foreign subsidiaries translate into your reporting currency as part of the consolidation step rather than a separate manual conversion.
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Consolidate without the spreadsheet
Start free, no card required. Close each entity and see them consolidated in one reporting currency.
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