Category guide
Best QuickBooks consolidation tool
A good consolidation tool should do the work for you, not hand you another spreadsheet. Here is what to look for, and how Tech for CFO approaches it.
Why consolidation is worth getting right
QuickBooks Online runs one company's books beautifully and cannot combine entities into group financials at all. The usual answer is a fragile month-end spreadsheet that re-maps charts of accounts and nets intercompany by hand. Purpose-built consolidation removes the rebuild and the error risk that come with doing group reporting in a workbook.
What to look for
- Combines multiple QuickBooks companies into one set of group financials
- Handles intercompany eliminations rather than double-counting
- Supports non-controlling interests where ownership is partial
- Keeps each entity's books intact while producing the group view
- Refreshes as the underlying company files change
Go deeper
Guides on QuickBooks consolidation
Practical, in-depth playbooks on consolidation for QuickBooks Online — how it works, where it breaks, and how to get it right.