December 16, 2021
Unfortunately, the short answer is no; QuickBooks consolidated reporting is not a built-in tool today.
But, there are luckily great QuickBooks Online consolidation tools out there💡
One of them is LiveFlow, which we'll cover here.
LiveFlow is the easiest way to consolidate multiple QuickBooks companies into one. It's the fastest way to create real-time consolidated financial statements, and it's the most reliable way to have your financial data up to date at any point in time.
LiveFlow is highly recommended and used by hundreds of accountants, finance teams, and business owners.
LiveFlow connects your QuickBooks Online accounts to Google Sheets or Excel and lets you import your Profit and Loss, Balance Sheet, Cash Flow reports (and other QuickBooks data) directly into your spreadsheet.
Yes, no more manual export to Excel! 😎
Once you've imported your Profit and Loss reports from your multiple entities, you can turn them into a consolidated statement.
LiveFlow takes out all the manual work of consolidated financial reporting.
You will now have a fully automated QuickBooks consolidation workflow that will save you countless of hours every month going forward.
Learn how to consolidate multiple QuickBooks companies here in the video
Here is a range of financial data workflows you can automate with LiveFlow:
LiveFlow connects to almost all QuickBooks reports, including:
➞ Profit & Loss
➞ Profit & Loss Detail
➞ Balance Sheet
➞ Balance Sheet Detail
➞ Cash Flow
➞ Account List (Chart of Accounts)
➞ Accounts Payable (A/P) Aging Summary
➞ Accounts Payable (A/P) Aging Detail
➞ Accounts Receivable (A/R) Aging Summary
➞ Accounts Receivable (A/R) Aging Detail
➞ Trial Balance
➞ General Ledger
➞ Sales by Customer Summary
➞ Income by Customer Summary
➞ Transaction List
➞ Collections Report
➞ Bill Payments List
➞ Customer Contact List
➞ Sales by Product/Service Summary
➞ Expenses by Supplier/Vendor
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If you want to learn how to consolidate multiple companies in Quickbooks, get in touch at firstname.lastname@example.org, we’d love to hear from you!
Want to eliminate manual updates of your Excel & Google Sheets models?Yes, show me how