Consolidation

Advanced Ownership Consolidation—launching in an upcoming release

In an upcoming release, Sage Intacct will launch Advanced Ownership Consolidation, a new subscription that provides partial ownership through tiered consolidation .

As your business expands and you diversify your portfolio, it might become necessary for you to consolidate financial data across multiple entities with varying percentages of ownership. This new subscription offers exactly that.

Advanced Ownership Consolidation streamlines the consolidation process at the entity level by period and includes ownership percentages as part of consolidation.

By simplifying multi-level consolidation through partial ownership, Sage Intacct helps your business to save time and resources while enhancing accuracy and efficiency.

Benefits of Advanced Ownership Consolidation

Improve accuracy and efficiency in the consolidation process by accounting for varying ownership percentages of entities in your Sage Intacct company. Avoid time-wasting corrections and minimize complexity with automated consolidation, non-controlling interest, and eliminations.
Ensure accurate and transparent financial reporting, giving stakeholders a big picture view of your business. With a more accurate view of the finances of your business, you can make better-informed decisions regarding investments, resource allocation, and strategic planning.
Streamline workflows, saving time and reducing the risk of errors. Ownership history management enables admins to confirm the accuracy of ownership structures by reporting period.
Manage complex ownership structures by period with reporting books generated for each reporting level and parent entity.
Seamlessly work with Intacct reporting, using standard reports or financial report writer.

How it works

Intacct provides a new ownership structure object that you use to define a hierarchical structure of business entities. This ownership structure object includes complex information such as parent and subsidiary relationships, the percentage of each entity that is owned by the company, and the method of consolidation to be used.

Create an ownership structure with the entities you want to consolidate.
Enter the percentage of ownership for the relevant entities.
Select the consolidation method you want to use.
Run the consolidation and view the status of the consolidation.

Requirements

Subscription	Advanced Ownership Consolidation (coming soon)
Regional availability	All regions
User type	Business user with admin privileges
Permissions	Statistical accounts, Accounts