Advanced Consolidations

Automatically create the entries required to
consolidate multi-company environments

What is Advanced Consolidations?

MaxQ Technologies’ Advanced Consolidation Suite is a collection of modules that create the entries required to consolidate multi-company environments. Integrated with Acumatica, this suite offers automation capabilities to improve the accuracy and speed of consolidate financial statements.

Core Components

Equity Pickup

Recording the profit/loss of subsidiaries to parents

Supports partial and
split ownership
Supports multi-level ownership structures

Debit / Credit Logic

Eliminate intercompany balances across the reporting tree

Eliminate intercompany Balances
Equity Eliminations from Equity Pickup
Supports complex consolidations with multiple consolidation points

Eliminations

Reclassify credit balances to the liabilities section of the balance sheet for reporting

Simplicity – Use a single due to/from account on the GL for each related entity

Features for Maximum Performance

Equity Pickup

The MaxQ Equity Pickup module automates the process of calculating and booking equity pickup for consolidated financial reporting. The net income or loss of subsidiaries is rolled up and recorded on the parents' companies' general ledger.

Debit / Credit Logic

The MaxQ Debit/Credit Logic modules allow an organization with multiple entities and intercompany accounts to use a single due to/from intercompany account on the asset section of the balance sheet for each intercompany relationship. Credit balances in the intercompany accounts are automatically reclassified to designated liability accounts at the end of each period.

Eliminations

The MaxQ Eliminations module will automatically calculate and book elimination entries for all intercompany accounts. Equity eliminations are calculated for parent/subsidiary relationships. This module works in conjunction with the MaxQ Equity Pickup and MaxQ Debit/Credit Logic modules. Intercompany accounts and relationships are identified by selecting the counterparty on the chart of account screen in Acumatica.

Improve Financial Close Times

These processes significantly decrease the time needed to create consolidated financial statements.

Reduce Errors

All transactions are generated by the systems, eliminating errors caused by using spreadsheets and manual processes.

Schedule Processes

All processes can be scheduled and run multiple times during a close cycle.

Accessibility

Built to work with Acumatica Cloud ERP, Advanced Consolidations leverages its flexible accessibility and unique licensing so everyone in your company can access what they need anywhere, anytime

Flexible Deployment Options

The solution can be run on the public cloud, private cloud, on-premises, and
with full HIPAA compliance.

Unlimited Global Licensing

An unlimited number of users can be granted access, enabling you to extend participation to key customers, partners, and suppliers.

Universal Access

Users can access the system from any location via any device, including PCs, laptops, tablets, iOS and Android apps.