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Many companies. One clear picture.

Finconsol is financial consolidation software for groups of companies. It turns the books of every company into one set of group accounts. Currencies are translated, intercompany balances are removed, every adjustment is recorded, and every figure traces back to the company it came from.

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  • Zoho Books
  • Xero
  • QuickBooks
  • Excel or any other system

Finconsol connects to Zoho Books and works with Xero, QuickBooks or any system that exports a trial balance.

The Zenvara group: Zenvara Group Ltd in the UK owns four subsidiaries in the United States, the United Arab Emirates, Singapore and Germany, the Singapore company at 80 percent. Each company's revenue is translated into pounds and added into the group's revenue. 81,000 pounds of intercompany fees are removed from both sides. The consolidated profit and loss for September 2026: revenue 2,980,840, costs 2,283,802, net profit 697,038, of which 682,998 belongs to the owners of the group and 14,040 to minority shareholders, all in pounds.

Finconsol in three minutes

This three-minute tour shows how Finconsol consolidates a group. It brings in each company from Zoho Books or a trial balance, maps every company to one group chart, adds statistics next to the figures, translates currencies, prepares the entries that remove intercompany balances, and builds your own KPIs, dashboards and reports.

Each company closes on time, but the group close takes days

Each company in the group finishes its month end on time. Turning their books into group accounts then takes days more.

Your team knows how to consolidate, and the spreadsheet is what slows them down.

  1. Day 1Trial balances are exported from five companies that use three different systems.
  2. Days 2 to 3Accounts are re-mapped in a workbook. A new account opened in one company drops out and nobody notices.
  3. Day 4Exchange rates are looked up by hand. The balance sheet does not balance, so the difference is plugged.
  4. Days 5 to 7Intercompany balances do not agree. Emails go back and forth, and meanwhile fees and loans are counted twice.
  5. Day 8Group adjustments are typed into the workbook. Nothing is locked, and there is no record of who changed what.
  6. Day 9Each company's budget is kept in its own file. Actuals are pasted next to it and every variance is worked out again.
  7. Days 10 to 12The board pack is built by hand. Then a late correction moves the numbers after the board has read them.

The group close, done in Finconsol

Here is the same month end, with each step done in Finconsol instead of a spreadsheet.

  1. Day 1Exporting trial balances

    Every company comes in, whatever system it uses

    Zoho Books companies come in every night, read-only. Every other company comes in by a trial balance upload, checked before it is used.

  2. Days 2 to 3Re-mapping accounts

    You map accounts once, and Finconsol flags new ones

    Each company's accounts are mapped once to one group chart. A new account that is not mapped stops the month, and Finconsol shows you which one, so nothing drops out.

  3. Day 4Looking up rates

    Every line at the rate that applies to it

    Each company is translated into the group's currency at closing, average and historical rates. The translation reserve is worked out, so the balance sheet balances.

  4. Days 5 to 7Chasing intercompany

    Intercompany compared and removed

    Each intercompany pair is compared every month and eliminated. Anything left over stays on the list until it is resolved.

  5. Day 8Untracked adjustments

    Adjustments stay separate from the books, and closed months are locked

    Group adjustments are journals in Finconsol, separate from the companies' books. Closed months are locked, and every change is recorded.

  6. Day 9Budgets in separate files

    Budgets beside the actuals

    Budgets and forecasts for each company and for the group, compared with actuals line by line, for the month and the year to date.

  7. Days 10 to 12Rebuilding the board pack

    You build the board pack once and refresh it each month

    Reports, dashboards and board packs are built once and refresh every month. A locked pack keeps the numbers the board read, and every figure traces back to its company and account.

See it work

Six small demos of Finconsol, all using the same group of five companies.

Bring the books in

Zoho Books connects directly. Every other system comes in as a trial balance.

Five companies in four systems are loaded for September 2026. Two sync from Zoho Books, one trial balance from Xero is checked and mapped, and two more arrive as uploaded trial balances.

  • Zoho Books Zenvara Group Ltd Synced today 02:30
  • QuickBooks Fernhollow Inc Trial balance uploaded 3 Oct
  • Xero Kestrelwick Pte Ltd Checked: debits equal credits 214 of 214 accounts mapped Kestrelwick-TB-Sep-2026.xlsx
  • Excel Palmridge Hospitality LLC Trial balance uploaded 2 Oct
  • Zoho Books Quillfern GmbH Synced today 02:30

All five companies are in for September 2026.

More on bringing the books in

Translate into the group currency

Palmridge Hospitality LLC keeps its books in dirhams. The group reports in pounds.

The balance sheet of Palmridge Hospitality LLC is translated from dirhams to pounds: assets and liabilities at the closing rate of 0.2040, share capital at the historical rate of 0.2100, and retained earnings at the opening and average rates. The translation reserve of minus 29,142 pounds is the difference that keeps the balance sheet in balance, and total equity of 2,836,620 equals net assets.

Palmridge Hospitality LLC, September 2026AEDGBP
Assets closing 0.2040 21,500,000 4,386,000
Liabilities closing 0.2040 7,595,000 1,549,380
Net assets 13,905,000 2,836,620
Share capital historical 0.2100 2,000,000 420,000
Retained earnings opening 10,000,000 at 0.2060September profit 1,905,000 at average 0.2025 11,905,000 2,445,762
Translation reserve (29,142) The reserve is the difference that keeps the balance sheet in balance. It includes 36,000 from net assets of AED 12,000,000 at the start of the month moving from 0.2010 to 0.2040, and 2,858 from September profit held at the closing rate.
Total equity equals net assets 13,905,000 2,836,620

More on multi-currency consolidation

Trace any figure

Select a figure to see the companies and accounts behind it.

Group revenue of 2,980,840 pounds opens into the five companies and the intercompany amount removed. Zenvara Group Ltd, 625,000, opens into its accounts, including 81,000 of fees from Palmridge Hospitality.

    • Consulting services380,000
    • Support and maintenance164,000
    • Fees from Palmridge Hospitality81,000
  • Fernhollow Inc346,840
  • Palmridge Hospitality LLC972,000
  • Kestrelwick Pte Ltd526,500
  • Quillfern GmbH591,500
  • Intercompany removed(81,000)
  • Group revenue2,980,840

More on group reporting

Statistics next to the numbers

Headcount is kept beside the accounts. Change a number and the ratio updates.

Headcount for September 2026 is entered per company and totals 350. Revenue per employee is group revenue of 2,980,840 pounds divided by the total headcount, £8,517. Changing a headcount updates the total and the ratio.

Headcount, September 2026
Group total 350
Revenue per employee £8,517 Group revenue of £2,980,840 divided by the group headcount.

More on statistical accounts

Budget against actual

Compare September with the budget or with your latest estimate.

Actual revenue, costs and net profit for September 2026 are compared with a plan you choose, with the variance in pounds, as a percentage, and as ahead or behind.

LineActualPlanVarianceVariance %Against plan
Revenue 2,980,840 2,852,000 128,840 4.5% ahead
Costs 2,283,802 2,219,000 (64,802) 2.9% behind
Net profit 697,038 633,000 64,038 10.1% ahead

Actual against Budget 2026, in pounds

More on group budgeting

Build your own dashboard

Pick the figures and charts you want. Each one is a card you can place anywhere.

A dashboard for September 2026 with three tiles: revenue 2,980,840 pounds, net profit 697,038, and revenue per employee 8,517 pounds. Below them are a revenue trend from April to September, revenue by company before group adjustments, and a profit bridge from the budget of 633,000 to the actual of 697,038.

Revenue2,980,840GBP4.5% ahead of budget
Net profit697,038GBP
Revenue per employee8,517GBP

Revenue trend

April to September 2026, GBP

2,712,400 Apr 2,768,150 May 2,841,300 Jun 2,866,900 Jul 2,934,550 Aug 2,980,840 Sep

Revenue by company

Before group adjustments, GBP 3,061,840 in total

  • Palmridge31.8%
  • Zenvara20.4%
  • Quillfern19.3%
  • Kestrelwick17.2%
  • Fernhollow11.3%

Profit bridge

Net profit, budget to actual, GBP

633,000 Budget +128,840 Revenue (64,802) Costs 697,038 Actual

More on reports, dashboards and board packs

Five steps turn five sets of books into one set of accounts

You repeat the same five steps every month.

A consolidation worksheet for Zenvara Group, September 2026. Five companies come in, one connected to Zoho Books and the others by trial balance. Their accounts are mapped to the group lines, and each is translated into pounds at the month's average rate. The 81,000 pounds of fees between Zenvara Group Ltd and Palmridge Hospitality LLC is removed from revenue and from costs. The group column shows revenue 2,980,840, costs (2,283,802) and net profit 697,038, and the month is locked.

Who it's for

Group finance teams

Finconsol is for CFOs and finance teams who close several companies every month and give the board one set of numbers.

You may have two companies or twenty, on one accounting system or several, in one country or many. Finconsol puts the group figures together, so your team can spend its time reviewing them.

Your controller maps the accounts once, your companies close as they do today, and the group accounts follow.

Accounting and CA firms

A firm uses one login for all its client groups, and each group is kept separate.

Finconsol for accounting firms

By industry

Choose an industry to see the figures its board reads, shown next to the accounts.

Executive overview of a four-company manufacturing group, April to September 2026

Finconsol for manufacturing groups

Controls in the monthly close

Each month's close includes the controls your board expects.

  • Read-only access to your books

    Finconsol reads from Zoho Books and never writes back, so your companies keep their own records untouched.

  • Locked months

    Once a month is closed it is locked, and a change needs the lock lifted first.

  • A record of every change

    Who changed what, and when, is kept for every adjustment, mapping and setting.

  • Every statement is checked against the worksheet

    Finconsol compares each statement with the consolidation worksheet, so a figure that does not agree shows up at once.

You can be live in a day. Connect or upload, map the accounts, and see your first group accounts the same day.

Questions

What is financial consolidation software?
Financial consolidation software combines the accounts of several companies into one set of group financial statements. It maps each company's accounts to a common chart, translates foreign currencies, removes the balances and transactions between group companies, and applies adjustments. Finconsol does this every month and produces the group balance sheet, profit and loss, cash flow and board packs.
Which accounting systems does Finconsol work with?
Finconsol connects to Zoho Books directly. The connection reads your books without changing them, and refreshes every night. Xero, QuickBooks and any other system come in by trial balance upload, and direct connections for Xero and QuickBooks are coming soon. A group can mix both, with some companies connected and others uploaded.
Do we have to change how each company keeps its books?
No. Each company keeps its own chart of accounts and its own system. You map its accounts to the group chart once, and Finconsol uses that mapping every month. If a new account appears in a company and has not been mapped, Finconsol stops that month and shows you the account.
How does Finconsol handle different currencies?
Each company is translated into the group's single reporting currency. Finconsol uses closing, average and historical rates, and works out the translation reserve so the group balance sheet balances. Rates are suggested from published reference rates, and you can change any of them.
How are intercompany balances removed?
Finconsol compares what each company holds against the other, pair by pair, every month. The smaller side of each pair is eliminated as an entry in Finconsol, separate from the companies' books. Anything left over stays on the list until it is resolved.
Can we include non-financial figures like headcount?
Yes. Statistical accounts hold figures such as headcount, units, stores or rooms. You can enter them in a grid, upload them, or have other systems send them automatically. They can then be used in KPIs, such as revenue per head or cost per unit, next to the financial figures.
Can we compare the group against budget?
Yes. You can keep budgets and latest estimates for each company or for the group, in versions, entered in a grid or uploaded. Finconsol compares them with actuals and shows whether each line is ahead or behind, for the month and the year to date.
How long does it take to get started?
A group can be live in a day. You connect Zoho Books or upload trial balances, map each company to the group chart, and see your first group accounts the same day. Later months follow the same steps, with Zoho Books companies refreshing every night.

See your group in one picture

We show you Finconsol on a group set up like yours, in 30 minutes.

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