Reporting - Ability to consolidate multiple Xero organisations
To have the ability to combine the reporting between more than one Xero org.
Purpose: Better at group budgeting and account managements
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Sophia Humphreys commented
Consolidating various xero company accounts into one "consolidated parent company" business reporting feature.
We are a start up, but have one parent company with many subsidiaries. Consolidating 7 companies into one cash flow, one balance sheet and one P&L is time consuming and difficult to do. Having this built into Xero would save an enormous amount of time for us. Other accounting softwares have this tool, and it would be great if XERO could look at developing this mechanism
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Lorna Phipps commented
Joiin and fathom both consolidate multiple entities and take feeds straight from Xero. Joiin I think is better as it will also consolidate budgets based on tracking categories.
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Jane Teah commented
Hi Shane
Share with us if you find another accounting software provider that provides this feature. We will be interested to explore.
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Shane Lee commented
Unless this feature can be added asap, were going to have to move our 30+ entities to another accounting software provider.
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Katie Li commented
Such an important function...eagerly waiting for Xero to implement!! Save time and effort which is what Xero is all about right?
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NATHALIE MCNICHOLL commented
Being able to consolidate across different Xero accounts would be amazing and save a lot of time !
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Graham Oddy commented
There are a number of functions that one would expect accounting software to have that Xero fails to provide and this is one!
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Frank Hyde commented
This is a very important function for international businesses. I know of so many companies with multiple branches or individual entities. Being able to summarize this data would be very useful!
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MoGio Bookkeeping and Admin commented
... also it would make it much easier with generating sequential numbers when creating invoices, POs, etc.
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Debs Cutting commented
needed
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Graham Oddy commented
It is not at all unusual for a client to have more than one group company and so it is essential to have the ability to consolidate their figures. As with the lack of Back-Up this is a facility that it is extraordinary that Xero doesn't already supply.
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Mark Tewkesbury commented
A must have! Quite surprised it isn't a feature by Xero as they are very good!
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Richard MIlls commented
Would be a great feature for users like us who operate multi companies
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Graham Oddy commented
This is a "Must Have" for any accounting system. Having to use a "third party" app to achieve consolidation makes Xero look 2nd rate in comparison to its competitors.
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Rene Irwin commented
It is very time-consuming consolidating our monthly Management accounts via excel. My Management is wanting a more extensive look into the financial side of the business this coming year which is going to take MORE time to consolidate.
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Daniel Smith commented
I cant believe XERO cant do this & MYOB Can! MYOB is catching up..
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MoGio Bookkeeping and Admin commented
I echo the previous requests/comments for this feature to be up and running in XERO asap. Consolidating financial reports for different entities is really time-consuming if done manually through Excel. Please could you look into this at your earliest? Thank you!
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Kate Fargher commented
This is more than important to our organisations. We are currently having to copy and paste bits of reports together, very time-consuming and open to error.
I have not selected critical, because we will survive without it, but it would save a load of time and grief!
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Simon Jones commented
to do intercompany transactions properly and isolate them in the p&l and balance sheet to allow easy elimination on consolidation requires a parallel set of accounts to sales ledger and purchase ledger to allow intercompany invoicing and booking of intercompany bills. This would keep intercompany transactions properly separate but maintain the sales and purchases functionality. At the moment to make this work properly the work around means use of journals and pdf invoices produced outside xero - not pretty and definitely not ideal
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Viet Nguyen commented
Hi Mark, you could try our product Collately at https://workspace.google.com/marketplace/app/collately/1077882379255. This is a Google Sheets add-on which allows downloading or uploading data from multiple Xero organisations into a Google Sheets report. You could schedule for this download to run automatically as well.
Cheers,
Collately team