Turn every subsidiary's books into one consolidated group close.
Map entity accounts to a shared consolidated chart, translate foreign subsidiaries under IAS 21, eliminate intercompany balances, and carve out minority interest — then lock an auditable period close, all inside Odoo Community.
The problem
Groups running several legal entities in Odoo must combine subsidiary accounts into one set of financial statements every close. Done in spreadsheets, that means reconciling different charts of accounts by hand, guessing at foreign-currency rates, manually removing intercompany double-counting, and hoping nobody mis-keys an elimination — with no trail explaining how a group figure was derived when an auditor asks.
The solution
Group Financial Consolidation gives every subsidiary a mapped place in one consolidated chart, translates foreign entities under IAS 21 with automatic Cumulative Translation Adjustment, nets out intercompany balances through typed and balance-checked eliminations, and carves out minority interest for partially-owned entities — then locks the period closed with a full audit trail, so every consolidated number can be traced back to its source.
Everything a group close needs
Every capability below is implemented in the module.
Guided Group Setup
A step-by-step wizard walks you through naming the group, choosing a presentation currency, and adding subsidiaries with their ownership percentages — no bare configuration screens.
Method Guidance Built In
Full, Proportional, and Equity consolidation methods are explained in plain language, and the system recommends one automatically from the ownership percentage you enter.
Visual Account Mapping
Map each subsidiary's entity accounts to your consolidated chart one by one, or use the bulk-mapping tool to mirror or assign hundreds of accounts in a single action.
Hierarchical Consolidated Chart
A dedicated consolidated chart of accounts groups mapped accounts by type, so you can browse the group's structure independently of any one subsidiary's books.
IAS 21 Currency Translation
Foreign subsidiaries are translated at the closing rate for balance-sheet items and a true time-weighted average rate for profit and loss, with a manual rate override when your group agrees its own rates.
Automatic CTA Tracking
The Cumulative Translation Adjustment created by translating foreign subsidiaries at different balance-sheet and profit-and-loss rates is calculated and posted to its own account, never buried.
Typed Intercompany Eliminations
Reciprocal balances, intercompany trading, and investment eliminations are entered as typed, debit-and-credit pairs that the system validates as balanced before they count.
Minority Interest Carve-Out
For subsidiaries you consolidate in full but do not wholly own, Non-Controlling Interest is calculated and posted automatically, so the group's equity reflects only what it actually owns.
Auditable Period Close
Each run moves through open, computed, reviewed, and closed states with a dashboard of results by source; closed periods are locked and carry a full history of every change.
How it works
Set up your group
Use the guided wizard to name the group, pick a presentation currency, and add subsidiaries with their ownership percentages.
Map your chart
Build a consolidated chart of accounts and map every subsidiary's accounts to it, using the bulk-mapping tool for large charts.
Compute the consolidation
Run the engine to translate foreign subsidiaries under IAS 21, net out intercompany eliminations, and carve out minority interest for the period.
Review and close
Check the results-by-source dashboard, mark the run reviewed, then close the period to lock it with a full audit trail.
Frequently asked
No sales fog. If your question isn't here, email us and we'll answer it the same way.
It is built for Odoo Community and only depends on the standard Accounting app — there is no need for Enterprise's consolidation feature or any other paid module.
Buy it on the Odoo App Store
Purchase, download and install directly from the official Odoo Apps Store — you'll always get the latest supported build.
Group Financial Consolidation
Guided group setup with visual account mapping, IAS 21 currency translation, CTA tracking, typed intercompany eliminations and minority interest — closed as an auditable period.
Buy on Odoo App Store