Close group books cleanly while Minded handles the consolidation grind.
Let AI Agent run your financial consolidation
Load Entity Books
"Load last month's books for each entity in the group inside NetSuite. For each entity, pull the trial balance, the chart of accounts, and the mapping saved in Google Sheets. If an entity has not closed yet, mark it as pending and ask me whether to proceed without it or wait. If an entity account has no mapping to the group chart, ask me whether to reuse last month's mapping or build a new one. Do not post anything yet. Send a sheet with entity books loaded, pending mappings, and entities outside the period."
Eliminate Intercompany
"Run last month's intercompany eliminations in Sage Intacct from the validated pairs in the intercompany reconciliation. Generate elimination entries on the group chart's mirror accounts and split by issuing entity and receiving entity. If a pair was not in this month's reconciliation, flag it as an exception and do not eliminate. If the ownership percentage changed from prior month, ask me whether to update the perimeter. Do not post eliminations without my sign-off. Send the proposal in Slack with entries, reason, and entities affected."
Translate FX Balances
"Translate the books of subsidiaries reporting in non-functional currency in QuickBooks Online. Apply group FX translation policy: closing rate for balance sheet, period average for income statement, historical rate for equity. Ask me for the period's FX rates if they are not saved, or ask me to upload the rate table. Compute the FX translation difference and post it to the equity section. Return a sheet with translated books, the FX adjustment, and supporting source."
Publish Statements
"Tie out last month's consolidated statements in Xero. Sum aggregated books, apply eliminations, FX translation, and minority interest adjustments. Compare against prior month's consolidated package and flag any variance over the group's materiality threshold. If a variance is unexplained, mark it as an exception and do not close. Ask me where the prior consolidated pack lives if you cannot find it. Do not publish statements without my approval. Send a Slack summary with balance sheet, P&L, cash flow, and open items."
Up to 80% Lower Cost to Serve
Up to 80% lower cost to serve means cutting the manual consolidation in side spreadsheets, not the consolidation lead's review. The ai for accounting firms angle is the same: the agent operates inside the firm's stack; the team approves statements and exceptions.
Consolidation Without Multi-Tab Excel
Financial consolidation breaks when it lives in spreadsheets that change owners every month. An end-to-end agent that loads, eliminates, translates, and ties out inside the firm leaves the consolidation ready in a single pass with the trail attached. Connect this work via intercompany reconciliation with AI and month-end close with AI.
Per-Group Perimeter and Mapping Memory
Every group has its own perimeter, ownership percentages, mirror accounts, and functional-currency policy. The agent remembers that configuration per group, proposes the close, and asks when something shifts (new entity entering the perimeter, ownership change, currency switch). That avoids silent drift between consolidations.
How does Minded support financial consolidation across multiple client entities?
Minded pulls trial balances, ledgers, and supporting schedules from each entity, maps them to the group chart of accounts, and flags missing periods or out-of-balance books before consolidation. The consolidation lead can review entity status, exceptions, and supporting workpapers before consolidated financial statements are published.
Can Minded handle intercompany eliminations for parent-sub structures?
Yes. Minded identifies intercompany balances, revenue, expenses, loans, and clearing accounts across entities, then proposes elimination entries with source links. Reviewers can approve, adjust, or reject entries, and each action is retained in the audit log for tie-out and review.
How does Minded manage FX translation for foreign subsidiaries?
Minded can translate foreign subsidiary balances into the reporting currency using configured rate tables, account-level translation rules, and period-end rates from approved sources. It separates translated balances, FX adjustments, and cumulative translation differences so reviewers can trace how each amount was calculated.
Does Minded help with ASC 810, IFRS 10, minority interests, and consolidation perimeter checks?
Minded supports operator workflows around the consolidation perimeter by tracking entity ownership, reporting currency, inclusion status, and minority interests. It does not replace technical accounting judgment, but it helps maintain consistent inputs, review trails, and documentation for ASC 810 or IFRS 10 analysis.
Which accounting systems can Minded use for consolidated financial statements?
Minded works across mixed client stacks, including NetSuite, Sage Intacct, QuickBooks Online, Xero, Zoho Books, and spreadsheet-based inputs. It normalizes entity books into a common consolidation workflow, so the accounting firm can review one process instead of rebuilding separate files for every client group.