Hands-Free Financial Consolidation
Financial consolidation software the practice runs across group clients without an enterprise CPM rollout.
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Let AI Agent run your consolidation
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Map entities
Let AI Agent run your consolidation
Map entities
Map the group structure for this client's consolidation in Xero. Pull every entity in the group from the practice's records, confirm parent ownership percentage per subsidiary, reporting currency, ledger system and reporting cycle. For each entity, pull last period's trial balance and tie to the prior consolidation. If the group structure has changed since the last consolidation through an acquisition, disposal or restructuring, ask me whether to reflect the change retrospectively or prospectively. Pause before changing the group structure on file. Ask me where the practice stores the share register evidence. Save the entity map and the supporting evidence to Google Drive ready for the consolidation build.
Eliminate intra-group
Eliminate intra-group balances and transactions across this group's entities in QuickBooks. Pull each entity's trial balance, identify intra-group balances by counterparty and reference, and propose the elimination journal in the consolidation file. Cover intra-group sales and purchases, intra-group loans and interest, intra-group dividends and unrealised profit on intra-group stock. Apply the elimination matrix the practice maintains for this group and learn any new recurring flows. If a balance does not reconcile between counterparts, ask me whether to query the entity finance teams. Pause before posting an elimination above the agreed materiality. Save a note for the practice manager listing eliminations proposed, mismatches and items awaiting clarification.
Translate FX
Translate foreign subsidiaries for this group's consolidation in Sage 50 under FRS 102. Apply the closing rate to assets and liabilities, the average rate for the period to P&L lines, and the historical rate to equity. Compute the translation difference and post it to the foreign currency translation reserve. For hyperinflationary economies, apply the FRS 102 Section 31 adjustments where relevant. If a rate source has changed or the average rate calculation needs the practice's policy reconfirmed, ask me before applying. Pause before locking the translation. Save the translation working paper to Google Drive ready for senior review and the audit working papers.
Apply minority
Apply minority interest and goodwill for this group's consolidation in FreeAgent. Compute minority interest from the parent's percentage holding and apply to the subsidiary's profit and equity attributable to non-controlling shareholders. For goodwill recognised at acquisition, apply the agreed amortisation under FRS 102 and run the impairment test if any indicator is present. If the impairment test surfaces an indicator, ask me whether to prepare a full impairment review or to refer to the senior. Pause before recognising any impairment. Save a note for the practice manager listing minority interest computed, goodwill amortised, impairment indicators and items awaiting senior decision before the consolidated trial balance locks.
Trusted by the world's best
“Each customer request used to take 4 hours of manual work across 3 different systems. Now with Minded over 80% of payment requests take less than 10 minutes and our VIP customers have never been happier.”
“We serve 40% more clients per bookkeeper with no new hires. AI files the tax forms and drafts the documentation. Each bookkeeper gets 12 hours a week back for review and advisory work.”
“We dropped Excel sheets and finance emails for automating payments and invoices for 50K restaurants. AI worked on top of SAP without migration.”
Integrate with your existing software
Seamlessly integrate financial consolidation workflows with your existing tools, ERP, and communication channels.
Benefits
Group consolidation run by AI Agents
Intercompany matching, FX retrans, eliminations and consolidated trial balances stop landing on the senior month after month. The AI Agents repeat the group close across every entity, which is where t
Consolidation that learns each group's elimination matrix
Intra-group eliminations are mostly recurring: intra-group sales, intra-group loans, intra-group dividends and unrealised profit on intra-group stock. Minded learns each group's matrix and applies it
One consolidation flow across Xero, QuickBooks, Sage 50 and FreeAgent
A real mid-market group has entities on Xero, QuickBooks, Sage 50 and FreeAgent at the same time. The same map, eliminate, translate and apply-minority motion runs across mixed ledgers. See [month-end
Activate your tools without APIs
Forget about asking your CTO to shift priorities, let your agents operate like your humans do and deliver real value to your customers from day 1.