Scope sheet
finbryn.com
Close & reporting
Consolidations
Consolidations combine two or more related US entities into one set of financials, with every intercompany transaction eliminated and each entity's own books preserved alongside the group view. Finbryn maps every entity to a common chart of accounts in NetSuite, Sage Intacct or QuickBooks Online and documents each elimination on a monthly checklist a lender or investor can follow.
What is included
- Chart of accounts mapped consistently across every entity in the group
- Intercompany transactions and balances identified each month
- Intercompany eliminations booked and logged on a checklist
- Consolidated profit and loss for the group
- Consolidated balance sheet for the group
- Entity-level financials preserved alongside the consolidated view
- Non-controlling interest calculated where ownership is less than 100 percent
- A written note on any judgment call made in an elimination or mapping decision
The process
- 1.
Close each entity independently
Every entity in the group completes its own month-end close first, with accounts reconciled and its trial balance reviewed before anything is combined.
- 2.
Map to a common chart of accounts
Each entity's accounts are mapped to a shared group structure so consolidated categories actually mean the same thing across entities.
- 3.
Identify intercompany activity
Loans, management fees, shared expense allocations and any internal sales between related entities are pulled from each entity's ledger.
- 4.
Eliminate and document
Each intercompany transaction or balance is eliminated in the consolidation workpaper and logged on the checklist with the entries it touches.
- 5.
Build the consolidated statements
A consolidated profit and loss and balance sheet are produced, alongside each entity's own standalone financials for comparison.
- 6.
Senior review
The consolidated package and the elimination checklist are reviewed before the group financials are marked final and delivered.
Software
NetSuite, Sage Intacct, QuickBooks Online, Google Sheets, Excel
Quality control
Each elimination is booked, logged on the checklist, and the consolidated trial balance is reviewed before the group financials are finalized and reviewed by a senior reviewer.
Pricing
Consolidations are priced per entity on top of each entity's own close, since every additional entity adds its own reconciliation before elimination work can start. See the tiers and per-entity add-on at /us/pricing; your exact fee is confirmed in writing after we see how many entities and how much intercompany activity the group actually has.
Finbryn is a brand of Northlane Solutions Inc., a Delaware corporation.
Reviewed September 2026