Consolidated Financial Statements. Without the spreadsheet chaos.

Smart Consolidation brings your whole group — parent and every subsidiary — into one secure workspace. Entities submit online, you review, eliminate and consolidate, and out come complete IPSAS financial statements with notes.

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Built for any organisation that consolidates: national and local government, ministries with reporting entities, state-owned enterprise groups, holding companies, NGO federations.

The problem

Your entities each produce financial statements. Turning thirty of them into one consolidated set is still a manual grind.

Submission chaos

Entity files arrive by email in every format and version imaginable. Chasing, re-requesting and tracking who has submitted eats weeks of the timetable.

Manual eliminations

Inter-entity balances that never agree, investment eliminations worked out in side spreadsheets, NCI computed by hand — every error found late, at review.

No audit trail

When the auditor asks why a consolidated figure moved, the answer lives in somebody's Excel file — or nowhere. Sign-off becomes an archaeology exercise.

How it works

Three steps from scattered entity files to a signed consolidated set.

Group finance team planning the consolidation1

Set up your group

Register as the group administrator, complete the parent profile, and add each subsidiary with its percentage control and an invite email. Acquisition or amalgamation, full or partial ownership — captured per entity.

Entity accountant completing the reporting package online2

Entities report

Each subsidiary signs in to its own private workspace, completes the standard reporting package online — or uploads the Excel version — passes the built-in checks, and submits. Submissions lock automatically.

Reviewing the consolidated financial statements3

You consolidate

Accept or return each submission with comments, generate elimination journals automatically, review the consolidation worksheet entity by entity, and export your reports.

What's inside

Everything a consolidation team needs, in one place.

Invite-based submissions

Each entity sees only its own workspace; you see everything, live — who has started, submitted, or needs chasing.

Full IPSAS statement set

Financial position, performance, changes in net assets, cash flows, budget comparison — and the notes — consolidated line by line.

Automatic eliminations

Investment against pre-acquisition equity (acquisition or amalgamation), inter-entity balances and transactions — with a mismatch report that shows exactly what doesn't agree.

Non-controlling interests

Computed and presented automatically for any shareholding below 100%, in both net assets and the surplus for the year.

Audit trail built in

Every submission, return, journal and report is logged — who, what, when. Your auditors will thank you.

Professional outputs

A consolidation workbook in Excel, a formatted Word report, and print-ready PDF — branded and boardroom-ready.

Finance professional working on consolidated statements

Built by accountants, for accountants

Designed by public-sector accounting specialists who have prepared and reviewed consolidations under IPSAS — not adapted from generic bookkeeping software.

✓Statements articulate: notes drive the statements, checks prove the tie-outs.

✓Every elimination is a numbered journal your auditors can trace.

✓Works the way a consolidation team actually works — submissions, review, returns, sign-off.

Who it's for

One tool, any group that consolidates.

Governments & Ministries

Whole-of-government and ministry-level consolidation across departments, agencies, funds and local authorities — on an IPSAS accrual basis.

State-Owned Enterprise groups

Parastatals with subsidiaries and joint ventures, mixed shareholdings, and boards that expect the eliminations to be right.

Any parent entity

Holding companies, NGO federations, church and university groups — if entities report to you and you must present one set of statements, this is your tool.

Trust & compliance

Grounded in the standards you're actually reporting against.

✓Consolidation logic grounded in IPSAS 35 (consolidated financial statements) and IPSAS 40 (amalgamations and acquisitions).

✓A deterministic engine — the same inputs always give the same outputs. No black box touches your arithmetic.

✓Every elimination is a numbered journal; every submission, return and report is logged with who and when.

✓Your data is isolated per group with Postgres row-level security — each entity sees only its own workspace.

✓Encrypted in transit, backed up daily, and never used to train anything.

Common questions

Do our subsidiaries each need a licence?

No. One subscription covers the whole group — one administrator plus unlimited subsidiary logins.

Can entities submit an Excel file instead of typing figures online?

Yes. Each entity can complete the standard Excel reporting package offline and upload it — the system reads it and pre-fills their online return for review and submission.

What about entities we own less than 100% of — or control without shares?

Both are handled. Non-controlling interests are computed and presented automatically, and control can be recorded on the basis of board appointment or binding arrangement, not only shareholding — as IPSAS 35 requires.

What happens when a submission is wrong?

You return it with written comments. The entity sees exactly what to fix, corrects, and resubmits — and the whole exchange stays on the record.

Is this only for IPSAS?

The current statement structure is IPSAS-based. Tailored statement and note templates per sector (including IFRS groups) are on the roadmap — tell us your framework when requesting a quote.

🔒 Encrypted in transit🛡 Row-level security per entity💾 Daily backups🌍 Access from anywhere🚫 Your data is never used for training

Request a quote

Annual subscription per group — one administrator plus unlimited subsidiary logins. Tell us about your group and we'll set you up.

Request a quote

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