Is there a QuickBooks Online Consolidation tool?

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.

How does it work?

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.

How do I consolidate multiple companies with LiveFlow?

1. Install LiveFlow here - it's free and takes 2 minutes to set up.
2. Once installed, connect your QuickBooks accounts (you can connect as many as you like)
3. Import your financial reports from QuickBooks (for instance, a Profit and Loss report)
4. Consolidate the reports together with our free Consolidated P&L Template for Google Sheets and Excel
5. Done!

You will now have a fully automated QuickBooks consolidation workflow that will save you countless of hours every month going forward.

Our team can personally help you set up your consolidated reporting workflows over Zoom!

Book a call with us

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Learn how to consolidate multiple QuickBooks companies here in the video

Here are some of the key benefits of using LiveFlow to consolidate multiple QuickBooks companies

• It's all automated and in real-time. You no longer have to do manual consolidation that takes days.
• You can create custom reporting. If you're an accountant with clients who has specific needs, then by using Google Sheets and live data from all your QuickBooks entities, you can create exactly the dashboard you envision.
• Your clients or internal stakeholders can see the financial data in real-time and won't have to ask you for updates.
• You can get your whole company aligned under one source of truth for your consolidated reporting.

Import live data from QuickBooks to Google Sheets

Here is a range of financial data workflows you can automate with LiveFlow:

• Automate budget vs. actuals and create a real-time budget vs. actuals dashboard
• Get an overview of your Profit and Loss by department with our P&L by Class template
• Consolidate multiple A/P reports from various QuickBooks entities into one with our Consolidated A/P Template

Which QuickBooks data can LiveFlow help me import?

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

Interested in other Intuit and QuickBooks reports? Please let us in our feedback form.

Try out our Google Sheets Add-on for free to import live data into Google Sheets here.

If you want to learn how to consolidate multiple companies in Quickbooks, get in touch at founders@liveflow.io, we’d love to hear from you!