Consolidation module
Financial consolidation software that closes when you close
Intercompany reconciliation and group consolidation are part of the same close workflow — not a separate spreadsheet process that starts after the entities finish. Lumio360 handles eliminations, FX translation, and minority interests automatically, so your group accounts are ready the moment the last entity signs off.
Consolidation features
Built for group finance teams that need accuracy on the first pass, not the fifth.
Intercompany eliminations
Identify and eliminate intercompany balances automatically at period end. Post eliminating entries with a full audit trail and roll them forward each close.
Group consolidation
Consolidate any number of legal entities into a single group P&L and balance sheet — handling different charts of accounts, currencies, and reporting calendars.
Multi-currency consolidation
Translate subsidiary results at the correct closing, average, or historic rate. Revaluation differences post to the foreign currency translation reserve automatically.
Minority interests
Calculate non-controlling interest allocations and present them correctly in the consolidated statements without manual adjustment.
Ownership structure
Model complex group structures including sub-groups, joint ventures, and associates — and apply the correct consolidation method to each.
Consolidation audit trail
Every eliminating entry, FX translation, and adjustment is logged with the date, user, and rationale — ready for the auditor on request.
Who the Consolidation module is for
Group financial controllers
You need the group numbers the day after the last entity closes, not three days later when the consolidation spreadsheet has been rebuilt for the fourth time.
Heads of finance in multi-entity groups
You deal with subsidiaries in different currencies and jurisdictions. Lumio360 handles the translation and elimination mechanics so your team focuses on the story, not the arithmetic.
External auditors
The full eliminations schedule and supporting journals are in the audit room — documented, timestamped, and ready for review without a request to the finance team.
Why Excel consolidations break
- × A new entity joins the group mid-year and breaks every inter-entity formula.
- × Two entities book the same intercompany transaction at different amounts.
- × A subsidiary reports in a currency you haven't hard-coded a rate for.
- × The auditors ask for the eliminations schedule and it's 40 hidden rows in a tab called "OLD DO NOT USE".
- × Someone saves over the master file on the last day of the close.
Lumio360 eliminates all of these failure modes by design.
Frequently asked questions
What is financial consolidation software?
Financial consolidation software aggregates the financial results of multiple legal entities into a single group view, handling intercompany eliminations, currency translation, and minority interests automatically — tasks that otherwise require complex spreadsheets prone to error.
How does intercompany reconciliation work in Lumio360?
Lumio360 matches intercompany balances across entities in real time during the close. Where balances disagree it flags the discrepancy and routes it to the relevant owners. Confirmed eliminations post automatically with a full audit trail.
How many entities can I consolidate?
The Foundation plan supports up to 3 entities, Professional up to 5, and Finance OS supports unlimited entities.
Does Lumio360 handle multi-currency consolidation?
Yes. Lumio360 translates each subsidiary's results at the appropriate FX rate (closing, average, or historic) and posts the resulting currency translation adjustments to the correct reserve — no manual calculation required.
When should we move consolidation out of Excel?
The trigger is usually the first time a manual error in an intercompany elimination reaches the auditors, or the first time a multi-currency sub-group requires consolidation. At that point the spreadsheet risk outweighs the switching cost.
See consolidation in action
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