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This feature is included with
Consolidate companies in Fathom
Fathom enables you to group related companies and easily perform consolidated analysis, generate forecasts, and create reports. These features enable you to create an aggregated view of both the financial and non-financial performance of a group of companies.
This is useful for organisations:
With multiple entities (up to 300 for single-currency consolidations, and up to 50 for multi-currency consolidations)
Seeking to consolidate financial (and/or non-financial) data
Using different accounting systems
Reporting using either a consistent or inconsistent chart of accounts
Reporting in a single currency or multiple currencies
❗ Notice: This article is for consolidated groups in which all companies in the consolidation use the same currency. For multi-currency consolidations, please see multi-currency consolidations.
Methodology
Fathom will consolidate financial results by unifying accounts that have:
The same name and
The same Fathom classification.
Accounts from different companies that have these two elements in common will appear as a single account in the consolidated group and any associated amounts will be summed accordingly. Fathom does not consolidate accounts based on Account Code.
Accounts with different names, can be grouped by creating headings within the Chart of Accounts section of group Settings. Enabling you to view aggregated totals for these accounts within financial statements. See here for a guide to creating headings and subheadings.
KPIs and Budgets will ‘roll up’ from the underlying entities in the consolidated group for use within that group. More details here:
Create a consolidated group
Before you create a consolidated group, you must first ensure that you have imported each entity into Fathom.
💡Smart Tip: If you're an Advisor or Admin-level user on a Fathom account, you can follow and complete the Consolidation Checklist steps within Fathom. Launch the Consolidation Checklist
To create a consolidated group:
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You will be taken to the consolidated group’s landing page. From here, you can access Analysis, Reports, Forecasts, and Settings for the group. Below, you can view the underlying companies in the group, and again, navigate to each individual company’s Analysis, Reports, Forecasts, and Settings.
💡Smart Tip: If you've set up the Chart of Accounts, KPIs, Targets, and Alerts in another company or group, you can copy these over to quickly set up your new consolidated group.
Update & edit a consolidated group
Update a group’s data
Please see our Update a Consolidated Group article for more details.
Add or remove companies
To add a company to a consolidated group:
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To remove a company from a consolidated group:
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You can also add companies to and remove them from a group within the Source Data section of group Settings, by selecting the underlined ‘Manage group’ option to the right of the ‘Group members’ heading.
📝 Note: You must have more than two companies in the group to be able to remove a company from the group.
Edit the name of the group
To update a group’s name:
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Change the financial year of the group
To change the financial year of the group:
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This field will only be editable when companies in the group have different financial years. If you need to change the financial year for an underlying company in the group, see our ‘Managing date ranges and your financial year’ article.
Next steps
Congratulations on creating your consolidated group!
Continue the 'Consolidation Creation Workflow' and finish setting up your consolidated group for analysis, reporting, and forecasting by choosing from one of the next steps below:
What you want to do: | Next step in the setup process: |
Looking to add a group logo or set custom terminology? | |
Ready to check and amend your consolidated group's Chart of Accounts? |
Learn more