Software for consolidating financial statements

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When a company owns less than 20 percent of another entity’s equity, it uses the cost method — under which the investment value doesn’t fluctuate, unless the affiliate files for bankruptcy or copes with insolvency.If the investment business has a stake ranging from 20 to 50 percent, it uses the equity method.This accounting software program is suitable for small businesses such as restaurants, retailers, distributors and brokerage agencies that have separate units employing between 10 to 50 employees.

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"Depreciation" is the reduced value over time of tangible assets, while "amortization" is the reduced value over time of intangible assets.

Also, post debit entries of the wages, rent, insurance and sundry expenses for each of your business units to be able to determine the net profits of the business.

Click the appropriate links on the menu of the ledger module to export (extract) and print the consolidated financial reports of your business.

These declarations are useful for appraising the financial position and results of an entire group of commonly-owned businesses.

Otherwise, reviewing the results of individual businesses in the group does not give an indication of the financial bookkeeping health of the group as a whole.

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