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Level 1

Can I Consolidate the management accounts of 7 Group companies together?

Could I consolidate the mgt accounts of 7 groups companies into one consolidate mgt accounts? In this consolidate mgt account, the intra-group companies transaction could be offset, including the Intra-group Receivables/Payables, Intra-group Income/Expense, etc. I wonder if there is any way to reach this goal in my QuickBooks Desktop Pro 2018 ? Currently, it is very time-consuming to make consolidate since I have to export every mgt accounts of groups companies.  And I have to calculate through excel finally. It will be much better if I learn this function.

 

Looking forward your guys reply! Thanks!!

2 Comments
Community Champion

Can I Consolidate the management accounts of 7 Group companies together?

Desktop Enterprise has the capability to group report from multiple companies. It will cost you more but may be worth it.  Once you upgrade to Enterprise you cannot easily go back

Level 15

Can I Consolidate the management accounts of 7 Group companies together?

@Jonathan Cheng 

You may utilize the trial license of QBD Enterprise to consolidate your company files. Otherwise, you should purchase a license of QBD Enterprise for 1 user only to utilize the feature anytime you need. Purchase the subscription thru a partner to get a perpetual discount.

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