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Dynamics 365 Community / Forums / Small and medium business | Business Central, N... / Consolidation Reportin...
Small and medium business | Business Central, N...
Answered

Consolidation Reporting and Budgeting

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Posted on by Andretti Dawson 22
Good day,
 
Our company is using Business Central and we have around 14 companies now onboard in our production environment. 
The companies have multi currency and operate international and locally here in South Africa.
 
What is the best approach to do consolidation reporting and budgeting as a group. 
Is there currently any good companies that specialise in this that you could recommend as a 3rd party extention.
 
Kind regards
 
Andretti
Categories:
Dynamics 365 Business Central
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  • Suggested answer
    Nimsara Jayathilaka. Profile Picture
    Nimsara Jayathilaka. 2,554 on at
    Consolidation Reporting and Budgeting

    Good day Andretti,

    For consolidation reporting and budgeting across multiple companies in Business Central, the best approach is to use the built-in Consolidation feature in Business Central for combining financial data, along with Account Schedules and Dimensions for management reporting. However, since you are running 14 companies with multi-currency operations (local and international), many organizations in your situation choose to extend this with specialized 3rd-party tools. Solutions like Jet Reports, Solver, or LucaNet integrate seamlessly with Business Central, giving you stronger consolidation, group reporting, and budgeting capabilities, especially when dealing with multiple currencies and complex structures.

    Thanks

    Nimsara

  • Suggested answer
    Pallavi Phade Profile Picture
    Pallavi Phade 1,163 on at
    Consolidation Reporting and Budgeting
     
    Below link can be useful . Can you verify . I m still investigating , will share if more resources
     
     
     
    Regards
    Pallavi Phade 
  • Andretti Dawson Profile Picture
    Andretti Dawson 22 on at
    Consolidation Reporting and Budgeting
    Hello Pallavi,
     
    Thank you for taking time to getting back to me.
     
    I see the last update was done in 2024 last year or there product in the app source. I would feel more comfortable with a more recent release.
     
    I do appreciate the reply.
     
    Kind regards
     
    Andretti
  • Suggested answer
    Andretti Dawson Profile Picture
    Andretti Dawson 22 on at
    Consolidation Reporting and Budgeting
    Thank you Sahan,
     
    I will review the suggested companies and see what would be best for us.
     
     
  • Verified answer
    Sahan Hasitha Profile Picture
    Sahan Hasitha 1,340 on at
    Consolidation Reporting and Budgeting
    hi
     
    For group consolidation and budgeting across our 14 multi-currency companies operating both locally in South Africa and internationally, the best practice is to standardize the chart of accounts, apply consistent currency translation rules, and use an extension that automates intercompany eliminations and consolidations. While Business Central provides some native functionality, a third-party extension offers more advanced features for group reporting and forecasting. Recommended solutions include Konsolidator, FYIsoft, Otisco, and Argano, which integrate directly with Business Central to streamline consolidation, reporting, and budgeting. Partnering with a specialist provider will ensure compliance with IFRS, improve accuracy, and deliver scalable, automated reporting across the group.
  • Verified answer
    Pallavi Phade Profile Picture
    Pallavi Phade 1,163 on at
    Consolidation Reporting and Budgeting
    Namaste Andretti ,
     
    I navigated 3rd Party extension  in appsource which meets your requirement out of several 3rd Party Extensions ,
     
     
    Hope this helps ,
     
    if Yes , Please mark as "Verified"
     
    Regards
    Pallavi Phade

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