Consolidated accounts for groups of companies
Run each company in its own books, record sales and loans between them once, and see the group's profit and loss and balance sheet with the internal amounts taken out.
Made for
- Family businesses with several companies
- Holding companies
- Owners with a shop, a transport firm and a farm
What you'll use
- One sign-in for every business
- Sales, loans and repayments between companies posted on both sides
- Consolidated profit and loss and balance sheet
- Business inbox between the companies
The problems
What gets in the way, and how MannaBooks fixes it
Several logins, several spreadsheets
Switch between companies in one click and report on them together.
Money moving between companies
Record an internal sale or loan once and it is posted in both companies' books.
Group accounts by hand
Consolidated reports take out the sales and balances between the companies for you.
A day with MannaBooks
How the work flows
- 1
Work in each company
Each company keeps its own sales, stock and payroll.
- 2
Record internal deals
A sale or loan between companies is recorded once for both.
- 3
See the group
Consolidated profit and loss and balance sheet whenever you need them.
Worked example
An owner with a hardware shop and a transport firm
This year the shop sold KES 2,400,000 and the transport firm KES 900,000, of which KES 150,000 was delivering for the shop. The shop also lent the transport firm KES 500,000.
- 1.The deliveries are recorded once as an internal sale: income in the transport firm, a cost in the shop.
- 2.The loan shows as owed to the shop in one company and owed by the transport firm in the other.
- 3.The group's consolidated profit and loss takes out the KES 150,000 internal sale.
- 4.The consolidated balance sheet takes out the KES 500,000 loan, since the group owes it to itself.
| Shop sales | KES 2,400,000.00 |
| Transport sales | KES 900,000.00 |
| Less internal sales | KES (150,000.00) |
| Group sales | KES 3,150,000.00 |
An illustrative example with made-up figures, not a customer.
Use cases
The jobs MannaBooks does for you
Report on a group of companies
Internal sales and loans recorded once, and consolidated reports with them taken out.
Control spending
Approval chains, budgets against actual, cost centres and a fixed asset register.
Stay right with KRA
VAT on every document, withholding tax on payments, and the VAT summary for your return.
Questions
Does each company need its own plan?
Yes, each business has its own subscription, and companies in a group report together.
More questions? Read the FAQ or talk to us.
Other industries
Try MannaBooks with your business
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