Close & reporting
Consolidations
Multiple Saudi entities or branches, whether a Riyadh head office with branches in Jeddah and Dammam or a group holding several commercial registrations, combined into one consolidated set of financials under SOCPA-endorsed IFRS, with intercompany balances eliminated while each entity still sees its own results.
Management report
Illustrative client · August 2026
SAR
| Line | Aug | Jul | |
|---|---|---|---|
| Revenue | 142,380 | 131,904 | +10,476 |
| Cost of sales | (51,260) | (48,115) | (3,145) |
| Gross profit | 91,120 | 83,789 | +7,331 |
| Payroll | (46,300) | (45,900) | (400) |
| SoftwareNoted | (6,480) | (5,490) | (990) |
| Rent | (8,000) | (8,000) | 0 |
| Other operating | (9,215) | (9,870) | +655 |
| Net income | 21,125 | 14,529 | +6,596 |
Reviewer's note
Software is up on last month after two seats were added mid-month. Revenue includes one milestone invoice that will not repeat next month.
Illustrative. An example of the document, not a client's figures.
One picture, several entities
A group running a head office in Riyadh alongside branches or subsidiaries in Jeddah, Dammam or elsewhere in the Kingdom usually needs both views: how each entity is doing on its own, and how the group looks combined. We build the consolidation while keeping each entity's individual reporting intact.
What's involved
- Chart of accounts mapped consistently across every entity in the group
- Intercompany transactions and balances identified and eliminated
- A consolidated profit and loss and balance sheet under SOCPA-endorsed IFRS
- Entity-level financials preserved alongside the consolidated view
- A consolidation checklist documenting every elimination made
Mixed ownership across the group
Where one entity in the group is wholly Saudi or GCC-owned and another carries foreign ownership, the Zakat base and the corporate income tax base are kept separate at entity level even as the management figures roll up into one consolidated view.
Management reporting, not the statutory filing
The consolidation we build feeds board packs, KPI tracking and shareholder reporting each month. It is separate from any statutory audit a SOCPA-licensed auditor signs entity by entity, and from each entity's own Qawaem filing.
Delivery
Built monthly, working from the group's existing files. Every deliverable is reviewed by a senior reviewer and a corporate CFO before it reaches you.
Questions
Frequently asked questions: Consolidations
Can a new branch or entity join the consolidation partway through the year?
Yes. Its opening position is brought into the mapped chart of accounts and consolidated from the date it joined the group.
Does each entity still see its own standalone results?
Yes. Entity-level reporting stays intact alongside the consolidated view, so nothing is lost in the roll-up.
How are intercompany balances between entities in the group handled?
Intercompany loans, recharges and trading balances are identified and eliminated so the consolidated result reflects the group's position with the outside world, not inflated by transactions between entities that own each other.
Does this replace a statutory audit at entity or group level?
No. This is monthly management consolidation for board and shareholder reporting. Any statutory audit stays with the SOCPA-licensed auditor you appoint separately.
Do all entities need to use the same accounting software?
No, though it makes the mapping easier. We can consolidate entities running on different software as long as the underlying data is reliable.
What is an intercompany elimination?
It removes transactions between your own entities, such as one subsidiary billing another, so the consolidated numbers show only activity with outside parties.
What is included in consolidations?
Consolidations covers chart of accounts mapped consistently across entities and intercompany transactions and balances identified and eliminated. The exact scope is agreed and set out in writing before work starts, so you know precisely what is and is not covered before the first deliverable arrives.
How is consolidations priced?
Pricing for consolidations depends on your transaction volume, the software you use, and how much cleanup is needed before ongoing work starts. Current ranges are published on the pricing page, and your exact fee is confirmed in writing before anything begins.
Related services
- Close & reportingMonth-end closeA repeatable monthly close that ties every account back to source records and hands you a finished set of financials on a predictable date each month.
- Close & reportingManagement reportsMonthly profit and loss, balance sheet and cash flow packaged with a plain-English narrative so the numbers explain themselves before anyone has to ask a question.
Industries
- Restaurants and multi-entity franchise groupsBookkeeping for restaurant groups and franchise operators running several locations or legal entities at once.
- Real estate and property managementBookkeeping for property owners and managers tracking income, expenses and reserves at the level of each individual property.
- ManufacturingBookkeeping for small and mid-size manufacturers tracking raw materials, work in process and finished goods inventory.
Next step
Talk to the team that would run your books
A short call covers your setup, your software and what a first month would look like. You get a written scope and price after it.