Consolidation Reporting and Budgeting

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Posted on by Andretti Dawson

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

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Dynamics 365 Business Central

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Pallavi Phade 5,420 Super User 2026 Season 1 on at

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Namaste Andretti ,

I navigated 3rd Party extension in appsource which meets your requirement out of several 3rd Party Extensions ,

https://appsource.microsoft.com/en-us/product/dynamics-365-business-central/PUBID.galaxsolutionslimited1652155003033%7CAID.galax_glc%7CPAPPID.bdcdecfe-7ca9-471e-84a6-fedf5db5db45?tab=Overview

Hope this helps ,

if Yes , Please mark as "Verified"

Regards

Pallavi Phade

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Sahan Hasitha 2,683 on at

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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.

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Andretti Dawson 59 on at

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Thank you Sahan,

I will review the suggested companies and see what would be best for us.

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Andretti Dawson 59 on at

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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

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Pallavi Phade 5,420 Super User 2026 Season 1 on at

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Namaste @Andretti Dawson

Below link can be useful . Can you verify . I m still investigating , will share if more resources

https://appsource.microsoft.com/en-us/product/dynamics-365-business-central/PUBID.binary-stream-software%7CAID.multi-entity_management_uk_d365bc%7CPAPPID.1b3d67a7-7ddb-45d6-9173-2b4bf499fd0e?tab=Overview

Regards

Pallavi Phade

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Nimsara Jayathilaka. 4,950 Super User 2026 Season 1 on at

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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

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