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consolidation

Merge multiple legal entities into auditable consolidated financial statements.

2|1|Updated Apr 15, 2026
Search Tags:#consolidation#elimination#coa-mapping#intercompany#entity-hierarchy#currency-translation#minority-interest
One-click install
npx skills add https://github.com/erphq/skills --skill consolidation-erphq
Or copy as Structured Prompt for Agent▼
Please help me install this Agent Skill.
Skill: consolidation
Source: https://github.com/erphq/skills/tree/main/departments/finance-accounting/03-org-1k-plus/consolidation
Command: npx skills add https://github.com/erphq/skills --skill consolidation-erphq

SYSTEM DOCUMENTATION & REQUIREMENTS

What problem does it solve?

Consolidation merges multiple legal entities into a single, auditable set of financial statements by performing intercompany eliminations, currency translation, and minority-interest adjustments.

Core Features & Use Cases

  • Entity hierarchy management: maintain ownership structures and consolidation methods across entities.
  • Chart of accounts mapping: align local COA to a common consolidated COA with automatic mapping suggestions.
  • Intercompany elimination: identify and eliminate internal transactions to produce clean consolidated results.
  • Currency translation: translate foreign subsidiary results and compute CTA for ongoing FX risk management.
  • Minority interest tracking: calculate and present non-controlling interests in consolidated financials.
  • Top-side adjustments & reconciliation: apply consolidation-level adjustments and generate audit trails.

Quick Start

Configure your entity hierarchy, map COA, run intercompany eliminations for the period, and review the consolidated trial balance.

Frequently Asked Questions about consolidation

High-intent search queries and answers about installing and using this skill.

FAQPage Schema
How do I automate multi-entity financial consolidation and intercompany eliminations?▼

Multi-entity financial consolidation is automated by configuring your entity hierarchy, mapping local charts of accounts to a consolidated COA, and running intercompany matching and eliminations. This produces a single, auditable consolidated trial balance.

What is currency translation with CTA in financial consolidation?▼

Currency translation with CTA in financial consolidation is the process of converting foreign subsidiary financial results into a common reporting currency while computing cumulative translation adjustment for ongoing FX risk management.

Does this consolidation solution support mid-market organizations with multi-currency subsidiaries?▼

This consolidation solution supports mid-market organizations with multi-currency subsidiaries by maintaining ownership structures, managing entity hierarchy, and calculating non-controlling minority interests during monthly closes and year-end reporting.

How do I map a local chart of accounts to a consolidated COA?▼

Mapping a local chart of accounts to a consolidated COA is handled by aligning local accounts to a common structure with automatic mapping suggestions, ensuring local subsidiary data integrates cleanly into the consolidated financial statements.

Why do intercompany transactions need to be eliminated during consolidation?▼

Intercompany transactions need to be eliminated during consolidation to remove internal double-counting between subsidiaries, ensuring the merged financial statements reflect only external transactions and produce clean consolidated results.

When should I apply top-side adjustments in a consolidated trial balance?▼

Top-side adjustments in a consolidated trial balance should be applied during monthly closes or year-end reporting to record consolidation-level entries, with generated audit trails ensuring the final financial statements remain auditable and reconciled.

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