Quick Consols and Xero

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Take days off your month-end by automating the financial consolidation process with Quick Consols, no matter how complex your group and its reporting requirements. From multiple currencies, ERPs, chart of accounts or number of companies, we’ve got it covered. Import your data seamlessly from Xero.

Key benefits of integrating with Xero

  • With Xero integration there’s no need to upload any data into Quick Consols.

  • No wasted time downloading data and reformatting for upload.

  • Xero integration ensures one source of data.

  • New general ledger accounts are automatically synced with Quick Consols

  • Daily automated trial balance updates mean up to date numbers, consolidations and dashboards.

  • Update trial balances on demand if you’re busy with month-end and need to see the latest results.

Why Quick Consols

Quick Consols' app has a vast number of solutions that can assist groups or single companies to report on their financial, non-financial data and prepare annual financial statements. Group consolidated reporting on legal entities, branches, projects, cost centres and profit centres.

Group Consolidated  Financial Reporting

Full and partial consolidations for any number of entities for any date range.
Automated calculation of NCI and FCTR.

Statutory Financial Statements

The Quick Financials Smart Disclosure Tool guides you step by step through the preparation process, ensuring 100% IFRS compliance and accuracy while saving you time.

Managament Reporting 

Financial statements and key metric reporting which can be presented as a year to date; multiple  period and current vs prior in multiple currencies

Business Units &

Segment Reporting

Ability to report on segments on a GL line level and not limited to  profit centres, cost centres, branches and

divisions.

Intercompay  Reporting and Elimintation

Automated elimination of intercompany accounts.

Intercompany accounts reporting.

Group financial reporting including and excluding intercompany accounts.

Work flow review

Notes and discussions can be made on any reported numbers. Events tracks key actions performed on the system

Cloud-based Reporting 

Quick Consols is cloud-based software and can be accessed anywhere at any time. Accessible on desktops, laptops and tablets

Integrations

Quick consols can integrate into any ERP system. A group of companies can have multiple ERPs and can easily integrate and report on Quick Consols

Simplified reporting

The software is a financial reporting tool aimed specifically at a groups and complex companies. Our software automates the consolidation of complex groups with multiple year ends, multiple currencies and multiple ERP systems with a slice and dice approach to reporting. Watch this video to learn more.

All your financial reporting in one place

Quality and Accuracy

The Quick Consols consolidation engine, accurately and consistently calculates the requested reports and numbers.

Automated reporting

All the reports can be automated. No need to click anything after setting up!            Only analysis of the reports generated.

Complex structures reporting simplified

Group consolidations and single company reporting simplified. Business units, project, cost centre & profit centre reporting all in one place.

Analysis and drill down to detail

Ensures more time is used analysing data to provide useful insights into business finances and operations. Slicing and dicing data. Drilling down into the general ledger

Easy to use and Collaborative

Accountants say our platform is easy to use and easy set up. Unlimited users and advanced collaboration tool.

Efficient and Cost saving

Reduce the month-end reporting process by at least 3 days and cut your costs in half (no licenses, just a monthly subscription).

About Xero

Xero is world-leading online accounting software built for small business.

  • Get a real-time view of your cashflow. Log in anytime, anywhere on your Mac, PC, tablet of phone to get a real-time view of your cash flow. It’s small business accounting software that’s simple, smart and occasionally magical.

  • Run your business on the go. Use our mobile app to reconcile, send invoices, or create expense claims - from anywhere.

  • Get paid faster with online invoicing. Send online invoices to your customers - and get updated when they’re opened.

  • Reconcile in seconds. Xero imports and categorises your latest bank transactions. Just click ok to reconcile.

 

Find out more or try Xero Accounting Software for free.

How to connect Quick Consols to Xero

Connecting Steps

Connect to Xero in 4 easy steps

  1. Sign up with Quick Consols.

  2. Create your companies in Quick Consols with the help of our expert team.

  3. Click “Group”, then click "Integrations", then select the company you want to connect and click “Connect to Xero”.

  4. Follow the prompts to authorise the connection.

Disconnecting Steps

Disconnect from Xero in 2 easy steps

  1. Click “Group”, then click "Integrations" then select the company you want to disconnect.

  2. Click “Disconnect from Xero” and confirm the disconnection.

How does the integration to Xero work

Quick Consols connects to Xero in the following way:

  • Quick Consols has a one way integration where data is fetched from your Xero company

  • The following data is pulled into Quick Consols via secure connection:

    • Chart of accounts

    • Trial balances

  • The trial balances and the chart of accounts for each company that is connected are automatically pulled from Xero once per day at around midnight

  • The user can also kick off the integration manually by clicking “Run Integration” from the Integration screen should they wish to pull data in at a specific time during the day for a particular company

OUR TESTIMONIALS DO THE TALKING

Our reputation speaks for Itself

When you think of consolidations you think messy excel spreadsheets, human error and frustrations. Quick Consols eliminates all of the above! The software is user friendly and streamlined

Nicole Vermeulen CA(SA)

Just a quick note to say how impressed I am with your software and the solution it provides. Although our financial set-up is not as easy as others you managed to find a solution that works and provides us with instant results in the format that I require! In short absolutely brilliant stuff!”

Michelle Masiyanise CA(SA)

“This is a product way ahead of its time in terms of value, productivity and integrity of reporting.”

Gary Cook

Start reporting now!