Latest blogs
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Intercompany Loans and Interest: How to Eliminate Them in Consolidation
Intercompany loans are a common financing tool within corporate groups. A parent may lend funds to a subsidiary, or two subsidiaries may arrange a loan between themselves. On the surface, these transactions provide flexibility in managing liquidity across the group. But when it comes to preparing consolidated financial statements, these loans — along with the…
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BrizoConnector is now officially available on the Intuit App Store!
BrizoConnector is designed to seamlessly connect your QuickBooks Online data with BrizoSystem, making financial consolidation and reporting across multiple entities faster, easier, and more accurate. By integrating QuickBooks Online with BrizoSystem through BrizoConnector, businesses can: This availability makes it even easier for QuickBooks Online users in different regions to get started with BrizoSystem. 👉 You…
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Mastering Intercompany Dividend Elimination: A Comprehensive Guide for CFOs and Finance Teams
Dividends are among the most common intercompany transactions in group structures — and one of the most error-prone to handle in consolidation. At the subsidiary level, a dividend is a real event: cash leaving the entity, reducing retained earnings, with the parent recording income received. At the group level, it is an internal transfer with…
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A Step-by-Step Guide to Building a Consolidated Cash Flow Statement
For groups with multiple subsidiaries, a consolidated cash flow statement (CFS) is one of the most complex documents in the reporting pack — and one of the most consequential. Get it wrong and liquidity looks better than it is, audit queries multiply, and management decisions get made on flawed data. The most common mistake is…
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Intercompany Transactions Elimination: Step-by-Step Accounting Process
When a group entity sells goods to another entity within the same group, records a management fee, or lends money to a subsidiary, both sides of that transaction appear in the individual entity accounts. Left unadjusted at consolidation, these internal flows are counted twice — once in the entity generating the income, once in the…