Consolidated financial statements

Keeping track of your corporate structure doesn't have to be complicated. With the right systems and common guidelines, you get better control, fewer errors and a simpler workday. Aider offers efficient solutions that bring the numbers together, automate processes and give you an overview of the entire group.

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How can Aider help you?

Keeping track of your corporate structure doesn't have to be complicated. With the right systems and common guidelines, it's easier to get an overview and avoid manual searches in spreadsheets. Aider offers efficient group accounting solutions that give you better control and fewer sources of error.

• • Automatic consolidation

    Internal transactions and internal sales are automatically eliminated, avoiding manual handling in spreadsheets.

  • Full overview

    See both the group's overall finances and the individual companies' results in one place. The system gives you easy access to key figures, reports and analytics, so you always have control and insight into the entire group.

    
    

  • Tailor-made solutions

    We adapt the system to the size, complexity and needs of your group. Whether your group consists of a few companies or many subsidiaries, we find the solution that provides the most value for you.

  • IFRS and statutory reporting:

    We ensure that the consolidated financial statements meet the requirements of the Danish Financial Statements Act and international standards (IFRS). This gives you peace of mind when it comes to auditing and reporting to authorities and owners.

    
    

  • Efficient management of internal processes

    We help you establish internal rules, routines and integrations that make group reporting easier. This reduces duplication and ensures that data is always correct and up-to-date.

  • Advice and support

    Our experts are with you every step of the way - from implementation and training to process optimization. We advise on best practices and how you can use the systems to improve decision-making.

  • Scalability

    The solution grows with the group. New companies can be added easily and the system adapts to changes in structure and business without compromising overview or control.

  • Reporting and insights

    Get clear, up-to-date reports that give management valuable insights into both group and individual company finances. This makes it easier to make informed decisions quickly.

What is consolidated accounting - and why is it important?

Consolidated financial statements show the results and balance sheet of all companies in the group together as if it were one legal entity. This provides an overview of the group's overall finances and makes it easier to manage, report and document internal transactions.

In practice, this means that:

• Internal sales between companies are eliminated

  
  

• Consolidation is done automatically in the system

  
  

• You get a better overview of both the group and the individual companies

  
  

- In a group, it can be difficult to keep track of internal sales between companies. Our solution is designed to handle this digitally, so you don't have to search in spreadsheets," says Terje Glesaaen, National Subject Manager IFRS and Group Accounting at Aider.

Automatic consolidation with Aider - one solution, many benefits

Electronic elimination of internal transactions. Avoid manual bookkeeping and potential errors. Our system handles the entire process.

Automatic inheritance of rules and structure We define common guidelines and templates centrally. The system ensures that all companies automatically follow the same structure and processes

Better overview and control. See clearly what belongs to each company and what applies to the group as a whole.

Scalable solution for growth and acquisitions. Our solution grows with you. Whether you have three or thirty companies, the setup is customized as needed.

When are consolidated financial statements required?

According to the Accounting Act, consolidated financial statements are mandatory if the company meets two of the following three criteria:

• Annual sales revenue of more than 168 million DKK

  
  

• Balance sheet total of more than DKK 84 million

  
  

• An average of 50 employees or more during the financial year

  
  

However, even groups that are not legally obliged to prepare consolidated financial statements can benefit greatly from doing so - especially to gain better insight and overview of internal transactions and results.

- It's not only those that are groups as defined by law that can benefit from this. It's about overview and insight into how the company is connected," says Glesaaen.

Ready to take your group accounting to the next level?

Do you want a more efficient and clearer solution for your consolidated accounts?
Contact us at Aider - we'll help you crunch the numbers, eliminate manual work and ensure good control.

Talk to us - we're ready to help you

• 

  Ramazan Turan

  Partner • Copenhagen

  rtu@bakertilly.dk

  +45 21 13 40 88

  LinkedIn

• 

  Thomas Clausen

  Partner • Odense

  tcl@bakertilly.dk

  +45 40 71 77 15

  LinkedIn