With Forecast 5, consolidating forecasts for your group is easy; the software does it all for you!

• Currency conversion?  Forecast 5 handles this and produces the group consolidated forecast in your chosen base currency
• Eliminate – or set off - intergroup loans?  Forecast 5 handles it. 

• Complicated group structure with minority interests or associate interests in multiple companies?  Forecast 5 handles it all.

• Eliminate intercompany profits and losses?  Forecast 5 handles it.

• Parent company allocates overheads to be carried by subsidiaries?  Forecast 5 handles this.

Forecast 5 focusses exclusively on budgeting, forecasting and actuals. Sure, there are various add-ons to make the users’ life easier - like integrations with your favourite accounting or ERP to bring in opening balances and actual results automatically.

It does it well, all the way up from simple company forecasts to very complex group forecasts with multiple companies or even multiple levels of consolidations. 

And with each forecast, the software produces a balanced suite of forecast reports of 

Profit and Loss,

Balance Sheets,

Cashflows, and 

Funds Flows.

(and for the last, think “Statement of Cashflows” in IFRS or UK GAAP terms) for up to 15 years, and, after actuals, rolling forecasts and variance analyses for each of these reports!

Over the next few weeks, please look out for articles that cover how Forecast 5 deals with: 

• Eliminating intercompany profits and losses and intercompany loans;
• Multiple currencies in a group forecast
• A parent or head office company allocating overheads to subsidiaries (this is not strictly a consolidation issue, but an issue in a group context, nevertheless);
• Consolidations of companies with actual results (ie not simply budgets but the production of group variance analyses and group rolling forecasts);
• Subsidiaries, branches and departments;
• Minority & associate interests and treatment of impairment of goodwill.