Advanced Ownership Consolidation overview

About Advanced Ownership Consolidation

Advanced Ownership Consolidation uses ownership structures to enable multi-level consolidations and automated non-controlling interest entries in a multi-entity company.

Companies with any of the following structures would benefit from subscribing to Advanced Ownership Consolidation:

  • Flat structures with 1 hierarchical level.
  • Complex structures with multiple hierarchical levels
  • Wholly owned entities and partially owned entities in the same structure

Advanced Ownership Consolidation uses ownership structures to:

  • Enable multi-level consolidations through hierarchical relationships among parent and subsidiary entities.
  • Consolidate partially owned entities.
  • Correctly account for non-controlling interests outside the Intacct company.
  • Maintain historical data by period, thereby enabling the accurate reflection of changes to entity hierarchies and ownership percentages over time.

Advanced Ownership Consolidation features

Advanced Ownership Consolidation provides all the features of Global Consolidation, plus:

  • Consolidate on-demand with easy setup, as needed or when ownership structures change.
  • Define multi-level ownership structures by period with dedicated reporting books generated for each reporting level and parent entity. Includes support for audit history by period.
  • Auto-generate non-controlling interest, or minority interest, based on varying ownership percentages of at least 50% ownership. Support for both partial and full ownership.
  • Use the Financial Report Writer to generate flexible management and accounting standards compliance reports based on consolidated data.

Global Consolidation features included in Advanced Ownership Consolidation

Advanced Ownership Consolidation includes all the features of Global Consolidation, such as:

  • Automatically computed OANDA exchange rates eliminate the need for manual exchange rate management.
  • Reports in the currency you want, whether it's for headquarters or a local business entity.
  • Automated cumulative translation adjustments (CTAs) for compliance with accounting laws and accurate multi-currency consolidation accounting.
  • Flexible addition and removal of entities to model organizational structure based on how you report results.
  • Full control of auto-eliminations, currency translation rules, and dimensions to consolidate and create detailed reports.

About ownership structures

Advanced Ownership Consolidation uses ownership structures to automate combining your business activity across entities over time into a consolidation book.

Ownership structures are containers that define relationships among parent and subsidiary entities.

Following are the supported capabilities of ownership structures:

  • Hierarchical relationships between parent and subsidiary entities with ownership structures managed by period.
  • Consolidation of partially owned subsidiary entities with controlling interest using the Consolidation method to generate non-controlling interest entries.
  • Reporting groups you define in an ownership structure produce dedicated reporting books.
  • On-demand consolidations as needed, scheduled, or when ownership structures change.

A company with a parent entity in USD that wholly owns two subsidiary entities, one operating in CAD and the other in EUR. The entity that operates in CAD owns two subsidiary entities, one owned 100% and the other owned 90%. Both subsidiary entities operate in CAD. A third party has a non-controlling interest of 10% in the subsidiary entity that runs in CAD and is owned 90% by its parent.

Advanced Ownership Consolidation workflow

The Advanced Ownership Consolidation workflow is as follows:

  1. Create and define.
  2. Consolidate.
  3. Report.

1. Create and define

Create ownership structures where you define entity relationships by period.

  1. Define an ownership structure and ownership structure period or periods.
  2. For every period, select the parent entities and subsidiary entities. Enter the percentage interest owned for each entity.
  3. Select a consolidation method.
  4. Review in map view.

2. Consolidate

Consolidate the ownership structure. Reduce your financial close with currency translation, support for non-controlling interest, and elimination entries per rollup.

Advanced Ownership Consolidation provides:

  • Multi-level rollup and reporting by parent
  • Currency translation to reporting currency (by group)
  • Automated non-controlling interest entries

3. Report

View clear, concise reporting data.

  • Drill down through reporting books.
  • Select reporting book by ownership structure.
  • Run custom reports on Advanced Ownership Consolidation entries.

For subscription information

Contact your Sage Intacct account representative.

Regional availability

Advanced Ownership Consolidation is generally available in the following regions:

All regions