Latest blogs
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Understanding Hybrid Security Accounting
Hybrid securities combine debt and equity characteristics in a single instrument — convertible bonds, redeemable preference shares, perpetual subordinated notes, and similar instruments that don’t fit cleanly into either category. Their accounting classification under IAS 32 determines whether they appear on the balance sheet as a liability, as equity, or split into both components —…
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Deferred Taxes in Consolidation: Simplifying a Complex Accounting Area
Each entity in a group calculates its own deferred tax position — based on the temporary differences between its accounting carrying values and tax bases. These entity-level deferred taxes are aggregated into the consolidation. But the consolidation process itself also creates new deferred tax balances: temporary differences that don’t exist in any individual entity’s accounts…
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Understanding Contra Liability Accounts in Accounting
A contra liability account carries a debit balance — the opposite of a normal liability, which carries a credit balance. Rather than representing an amount the company owes, it reduces the carrying value of a related liability on the balance sheet, presenting a net figure that more accurately reflects the true economic obligation. Contra liability…
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Intercompany Loans and Interest: Accounting, Elimination, and Common Mistakes
Intercompany loans are among the most common transactions in group structures and among the most reliably difficult to handle cleanly in consolidation. The basic elimination — remove the receivable in the lender, remove the payable in the borrower, remove the interest income and expense — is straightforward in principle. The complications arise from the variety…
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Seamless Login Options Now Available: Xero & QuickBooks Integration
We’re excited to announce a new enhancement to BrizoConsol’s login experience — you can now log in using your Xero or QuickBooks accounts! What’s New? Previously, users logged in using their BrizoConsol credentials. With this update, you have more flexibility: This means no more juggling multiple passwords and an easier way to get started with…