Latest blogs
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Introducing Auto-Elimination in BrizoConsol: Streamline Your Consolidation Process
Financial consolidation can be a complex and time-consuming process, especially when dealing with intercompany transactions and eliminations. To simplify this process, BrizoConsol is excited to introduce its new Auto-Elimination feature. This innovative tool allows users to automate the elimination of intercompany transactions, saving time, reducing errors, and ensuring compliance with accounting standards. In this blog, we’ll explore…
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Common Elimination Entries for Profit and Loss (P&L): A Comprehensive Guide
When preparing consolidated financial statements, intercompany eliminations remove the effect of transactions between entities within the same group. The principle is straightforward: from the group’s perspective, a sale from one subsidiary to another is an internal transfer — it generates no revenue from external parties and incurs no cost from external parties. Both sides must…
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Introducing Entity-Level Elimination Method Selection in BrizoConsol
BrizoConsol is committed to offering tools that adapt to your business’s unique needs. Our latest feature allows users to select their preferred elimination method for each organisation. Whether you prefer to input eliminations at the group level or at the subsidiary level, this new flexibility ensures your financial consolidation process aligns seamlessly with your workflows.…
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5 Common Financial Reporting Mistakes (And How to Avoid Them)
Financial reporting mistakes rarely announce themselves. A balance sheet that doesn’t balance is obvious. A P&L where eliminations are incomplete, or where profit and cash have diverged without explanation, or where inconsistent accounting policies make period comparisons meaningless — these look fine until someone examines them closely. By then the decisions made on the back…
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New Feature: Drill Down to Invoice Items from Xero and QuickBooks
We are thrilled to announce a powerful new feature in BrizoConsol—Invoice Retrieval from Xero and QuickBooks. With this enhancement, users can now drill down from reports to view invoice-level details, providing unparalleled clarity and precision in financial analysis. Why This Feature Matters When analyzing financial reports, knowing the source of the numbers is critical. This…