Amit Prabhu
Founder, Finconsol
Amit Prabhu leads Finconsol at Aaxonix Tech, a Zoho and NetSuite implementation partner based in Pune, India. He works with multi-company groups and the accountants who serve them on closing many sets of books into one set of group numbers.
How posts here are checked
Finance readers rely on the numbers, so each post goes through the same four checks before and after it is published.
- Every figure is recalculated. Totals, rates and percentages are worked again from the inputs before a post goes live.
- Standards are cited to the paragraph. IFRS and IAS references name the paragraph, with a link to the source.
- Posts are dated, and updates are explained. Each post shows when it was published and updated, with a public note of what changed.
- Product claims are checked against the live product. Anything said about what Finconsol does is tried in the product before it is published.
Posts by Amit Prabhu
Newest first- Month-end close6 min
Closing the year for a group of companies: a December checklist
A checklist for groups with a 31 December year end reporting under IFRS: what to agree in early December, what each company does in January, and the group steps in order.
- Accounting systems6 min
Questions a Zoho partner should ask before promising a client consolidation
Ten questions to settle before quoting: companies and ownership, currencies and rates, systems, intercompany, the deliverable. What each missed question costs, and three promises to avoid.
- Accounting systems6 min
Group accounts for several clients on Zoho Books: a workflow for accounting firms
A seven-step workflow for a firm preparing group accounts for clients whose companies sit in separate Zoho Books organizations: scope, group chart, rates, onboarding, monthly cycle, review, delivery.
- Consolidation6 min
Is a spreadsheet still enough? A four-company test
A spreadsheet is a fair answer for a small, simple group. Six questions show when it stops being one, tested on four companies, three currencies and an 80% subsidiary.
- Intercompany6 min
What a good elimination journal looks like, and how to document it
Five elimination journals for the example group, line by line: the reference, the source amount, the rate, the reason. Then how to write each one up and what support sits behind it.
- Month-end close7 min
Why Zoho Books will not let you lock a period, and how to fix it
Negative stock in one location, a bill dated after the lock date, and two unlock rules: the four cases on Zoho's own help page, with a worked stock example and what to do about each.
- Month-end close7 min
How to lock the same month in every company of a group
One close date, one lock in each company's own system, and one record for the group. What Zoho Books lets you lock, what its help page leaves open, and a lock calendar for five companies.
- Consolidation5 min
Moving group reporting off spreadsheets without leaving Zoho Books
The ledgers stay in Zoho Books. Only the group layer leaves the spreadsheet. What moves, what stays, and a parallel run that proves it before you switch.
- Consolidation5 min
One group chart of accounts from several Zoho Books charts: how to map them
Three companies name their income three ways. How to design one group chart, map every account to it once, and prove the mapped totals still equal each trial balance.
- Group reporting6 min
A monthly board pack for a group of companies: what goes on each page
The ten pages of a monthly group board pack, in the order a board reads them, with a worked income statement page against budget and what to leave out.
See your group in one picture
Thirty minutes, on a group shaped like yours.