A group of companies reports like several companies, because that is what it is. Each entity keeps its own chart of accounts, closes on its own date and has its own view of what a gross margin is. Intercompany balances rarely agree, and the group number arrives weeks late, assembled by hand in a spreadsheet nobody else can open. We fix those mechanics and then run them every month. The fee and the scope are agreed before work begins.
Portfolio and multi-entity work is priced by combined group revenue. A consolidation build produces the consolidation model itself. Platform reporting runs the monthly group and by-entity reporting. A shared finance office carries the close, the shared services, treasury and audit coordination across the group. The fee and scope are agreed before work begins.
You run several entities and the group number is assembled by hand every month in a file that only one person understands.
You hold a platform with add-ons bolted on over time, each one still reporting the way it did before you bought it.
A lender or an investor wants group reporting and consolidated covenant compliance, and producing it takes a fortnight.
You have just closed an acquisition and it needs to be reporting on the platform standard before the first close.
Consolidation fails in the mechanics, and the mechanics are boring, which is exactly why they go unfixed for years.
Intercompany is the usual starting point. Balances that should mirror each other do not, because one side booked a management charge and the other side booked an expense in a different period, and nobody reconciles them until an auditor asks. Eliminations get made inside the consolidation rather than on a schedule, so no one can see what was eliminated or check it. Currency gets translated at whatever rate was handy, with the cumulative translation adjustment treated as a plug rather than carried properly. And underneath all of it, each entity runs its own chart of accounts, so the mapping into the group presentation is a judgement somebody makes afresh every month.
The reporting layer then inherits all of it. By-entity packs arrive in different formats, which makes comparing two entities an exercise in translation rather than analysis. Variances get reported as numbers without explanations. KPI definitions drift, so the same metric means different things in two entities and the group figure means nothing at all.
What comes out of these engagements is a consolidation that runs the same way every month and can be checked by somebody who did not build it. The entity map carries ownership percentages and reporting currency per entity. Mapping from each entity's own accounts into the group presentation sits in a table. Intercompany balances are identified and matched entity to entity, with every elimination on its own schedule so it is visible and traceable. Translation happens at the correct rates with the translation adjustment carried properly, and non-controlling interest is calculated where the structure requires it. The consolidated statements carry a balance check, and entity, segment and location views all come off the same data.
The documentation and the training session matter as much as the model, because a consolidation only one person can run is a single point of failure in the group's reporting.
Fixed fees depend on combined group revenue and the consolidation, reporting or shared finance office work required.
| Engagement | Under $10M revenue | $10M to $50M revenue | $50M and above revenue |
|---|---|---|---|
| Consolidation Build, one-off | $12,500 | $24,500 | $42,500 |
| Platform Reporting, per month | $4,500 | $11,500 | $22,500 |
| Shared Finance Office, per month | $7,500 | $16,500 | $27,500 |
Groups beyond the published combined-revenue bands are scoped individually. The monthly engagements assume up to three entities, with the scope and fee for larger groups confirmed in writing before work begins.
From $12,500
We build and document the consolidation model so your team can run it.
From $4,500 per month
We deliver group and by-entity reporting every month on one chart of accounts.
From $7,500 per month
We run the close, shared services, treasury and audit coordination across the group.
Consolidation Build fits a group where the mechanics are the problem, which shows up as a group number that takes weeks and cannot be checked by anyone who did not build it. It produces the entity map, the chart of accounts mapping table, intercompany identification and matching, and a dedicated elimination schedule. Currency translation carries the adjustment properly, non-controlling interest is handled where the structure requires it, and the consolidated statements carry a balance check. Entity, segment and location views all come off the same data, and it is handed over with written documentation and a training session for the team who will run it.
Platform Reporting is for a group where the consolidation works and the reporting around it does not. It runs monthly reporting on one chart of accounts across every entity, with a consolidated pack carrying written commentary and a pack per entity in the same format so entities can be compared side by side. Variance runs to plan and prior year with the explanation written. It sets a shared KPI set with cross-entity benchmarking, produces board and lender reporting in the form each requires, and coordinates a close calendar across the group with owners and cut-off dates.
| Deliverable | Component | Detail |
|---|---|---|
| Excel consolidation model | Entity structure | Legal entity map with ownership percentages and reporting currency per entity |
| Excel consolidation model | Chart of accounts mapping | A mapping table from each entity's own accounts into the group presentation |
| Excel consolidation model | Intercompany identification | Intercompany balances and transactions identified and matched entity to entity |
| Excel consolidation model | Elimination schedule | A dedicated elimination schedule so every elimination is visible and traceable |
| Excel consolidation model | Currency translation | Translation at the correct rates with the cumulative translation adjustment carried properly |
| Excel consolidation model | Minority interest | Non-controlling interest calculated where the structure requires it |
| Excel consolidation model | Consolidated statements | Consolidated profit and loss, balance sheet and cash flow with a balance check |
| Excel consolidation model | Drill-down | Entity, segment and location views from the same data |
| Documentation | Written documentation | How the consolidation runs, in what order, and what to check each month |
| Handover | Training | A training session with the group finance team who will run it |
| Deliverable | Component | Detail |
|---|---|---|
| Monthly reporting | Common chart of accounts | Reporting on one chart of accounts across every entity |
| Monthly reporting | Consolidated pack | The group pack with written commentary |
| Monthly reporting | By-entity packs | A pack per entity in the same format so they can be compared side by side |
| Monthly reporting | Variance analysis | Variance to plan and to prior year by entity with the explanation written |
| Monthly reporting | Shared KPI set | KPI definitions shared across entities with cross-entity benchmarking |
| Monthly reporting | Board and lender reporting | Group reporting in the form the board and the lender require |
| Close management | Close calendar | A close calendar coordinated across the group with owners and cut-off dates |
| Deliverable | Component | Detail |
|---|---|---|
| Everything in Platform Reporting | All items above | Carried in full |
| Close management | Group close | The close run across every entity to one calendar and one checklist |
| Chart of accounts | Harmonization and migration | Accounts harmonized to the platform standard and migrated with history mapped |
| Shared services | Receivables and payables | Shared receivables and payables processing with aging review and escalation |
| Treasury | Cash pooling and intercompany funding | Group cash visibility, pooling where it applies, and intercompany funding tracked |
| Compliance | Covenant compliance across the group | Group and entity level covenant calculations with headroom |
| Audit | Audit coordination | Audit requests coordinated across entities with the prepared-by-client schedules built |
| Systems | Administration | Accounting and reporting system administration across the group |
The entity map, the ownership percentages, the reporting currencies and the existing charts of accounts come first, because the consolidation cannot be designed until the structure is written down.
The current position gets reviewed, covering what reconciles, where intercompany disagrees, how each entity closes and what the group reporting currently shows, and you receive that review in writing with the items needing attention listed and sized.
The consolidation gets built, the mapping table is set, eliminations move onto their own schedule, and where the chart of accounts is in the way it gets harmonized with history mapped.
The first close runs to the new calendar with the group and by-entity packs delivered, and the walkthrough on that first pack covers what the numbers say and what should change the following month.
The close runs to its calendar, the packs arrive on their dates, and the shared services, treasury, covenant and audit work run on their own schedules where the engagement includes them.
The reporting standard is what lets you compare one add-on against another and against the case you underwrote, and that comparison is impossible while each entity reports in its own format. It is also the first thing a lender or an investor asks to see.
Most groups in this position acquired entities one at a time and never stopped to harmonize, so the mechanics were built around whatever the first two entities happened to do. The consolidation build is the engagement that resets that, and it is worth doing before the next acquisition.
To start we need the legal entity structure with ownership percentages and reporting currencies, and access to each entity's accounting system. We also need each entity's chart of accounts and trial balances, and the intercompany agreements and balances. Send the prior year group financial statements where they exist, the debt agreements with their covenant definitions, the prior group reporting packs, and the acquisition agreement where an integration is involved.
Audit, review and compilation engagements. Any opinion or assurance on financial statements. 409A valuations and certified appraisals. ESOP valuations. Fair value measurement under ASC 805 and ASC 820. Fairness opinions. Tax return preparation and tax opinions. Securities placement, investor solicitation, and any transaction-contingent or success fee.
TEOL Capital is not a broker-dealer, an investment adviser, a placement agent or a finder. Engagements are preparation and support work. TEOL does not place securities, solicit investors or make investor introductions, and takes no success, contingency or placement fee.
The fees published here are indicative, set against the scope described on each page, and a final quote is confirmed in writing before any engagement letter is issued. Nothing published here is an offer, and no engagement begins until a letter is signed by both sides. Work outside the stated scope is identified and quoted before it begins. Full payment or a 50% deposit on engagements under $10,000, and 50% at start with 50% at delivery above that. Turnaround is quoted on receipt of a complete information request and is a target rather than a term of the engagement. Fees are reviewed quarterly, and an engagement letter issued at a published fee holds that fee regardless of any later review. Work is prepared for the client named in the engagement letter and for that client's own use. Anyone else who receives it does so for information and cannot rely on it. Management accounts, consolidations and financial statements we prepare are built from the records management maintains and remain management's responsibility. We do not guarantee any particular outcome, including a sale, a financing, a valuation conclusion or a price. Our liability on any engagement is limited to the fees paid for that engagement.