If you’re a finance professional who uses Xero as your accounting software, then you’ll be pleased to know that there are a number of great options available to you for Xero consolidated reporting. 

In this blog post, we’ll highlight the best consolidated reporting software solutions for Xero users.

But before we get to that, you would want to know…

Can Xero do consolidations?

Yes, Xero can do consolidations. This is a feature that is available in the software and it allows businesses to combine their financial data from multiple entities into a single report. This can be helpful for businesses that are looking to get a better understanding of their overall financial performance.

How do I get financial reports in Xero?

To get your company’s financial reports in Xero, you’ll first need to sign into your Xero account. Once you’re logged in, you’ll be taken to the Dashboard. From here, you can select the Reports tab at the top of the page. This will take you to a list of all of the reports that are available for your company. You can filter this list by report type or date range by using the filters on the left-hand side of the page. To view a specific report, simply click on its name.

What can Xero consolidation Software do for you?

The Xero consolidation tool can help businesses to combine their financial data from multiple Xero organizations into a single report. This can be helpful for businesses that operate multiple subsidiaries or divisions, as it allows them to view all of their financial data in one place. The tool can also be used to consolidate data from other accounting software programs, such as QuickBooks and MYOB.

List of best consolidation software for xero

Now that we’ve gone over the basics of consolidated reporting, let’s take a look at the best software solutions currently available on the market. 

How a Consolidated Reporting Software Helps Xero Users?

Consolidated reporting is an essential tool for any finance professional. It allows you to see the financial picture of your business as a whole, rather than looking at individual reports from each company in your portfolio. This gives you a much clearer understanding of your overall financial health and performance. 

If you use Xero as your accounting software, then you’ll be pleased to know that there are a number of great options available to you when it comes to consolidated reporting. 

Acterys Apps

The Acterys app is a powerful tool for Xero consolidated reporting that helps businesses track and analyze their financial data. With the app, businesses can view important insights about their spending, revenue, and other financial metrics. Additionally, the app makes it easy to create detailed reports about your business’s performance. This can be helpful for making informed decisions about your business’s future.

FLEXReporting by Oneamp 

FLEXReporting is one of the most popular consolidated reporting solutions for Xero users. It offers a wide range of features and benefits, including the ability to consolidate multiple companies into one report, automatic currency conversion, and support for multiple languages. It also integrates with a wide range of other accounting and business software solutions, making it easy to get started with FLEXReporting even if you don’t use Xero exclusively. 

Reportz.io 

Reportz.io is another great option for Xero users who need consolidated reporting capabilities. It offers many of the same features as FLEXReporting, including consolidation, currency conversion, and language support. One unique feature offered by Reportz.io is the ability to “white-label” your reports, meaning you can brand them with your own logo and add custom styling to match your company’s branding guidelines. 

FiFi Reporting 

FiFi Reporting is a great option if you’re looking for a consolidated reporting solution that offers a bit more flexibility than FLEXReporting or Reportz.io. FiFi Reporting includes all of the standard features you would expect, such as consolidation, currency conversion, and language support. But it also offers some unique features like “drill-down” reporting, which allows you to dig deeper into specific data points within your reports; and “report scheduling,” which allows you to automatically generate and send reports on a regular basis (e.g., weekly, monthly). 

Which Xero Reporting Tool is Best for Your Use Case?

It is difficult to answer this question. Every consolidated reporting tool that we have listed in this article has its own particular function. So, siding with one Xero reporting tool will be an injustice to another tool.

That being said, if you are looking for not only Xero reporting and consolidation but a whole suite of financial planning and analysis of your business, then Acterys Apps would be the best tool to choose.

Acterys Apps offers connectivity with over 600 apps and template-based analysis, planning, and forecasting for all business units of an organization.

The tool in summary allows business stakeholders to get a top-down view of functions, performance, and costs of each department by the click of a few buttons.

Bottom-line: Start Xero Consolidated Reporting Today!

There are a number of great consolidated reporting software solutions available for Xero users. In this blog post, we highlighted four of the best Xero reporting options currently on the market: Acterys Apps, FLEXReporting by Oneamp, Reportz.io, and FiFi Reporting. 

Each Xero consolidation solution offers its own unique set of features and benefits; so be sure to do your research to find the one that best meets your needs.