Record your group structure once and Easyclose does the rest: eliminating intercompany positions, calculating minority interests and the ownership adjustment, participating interests under the equity method, translating foreign subsidiaries and eliminating intercompany profit in inventory. No black box, because every elimination sits visibly in the consolidation schedule and clicks through to the entry line. Below you can see it in action.
Draw your group as a structure: who is the holding company, which interests hang below it, and at what percentage. Per entity you choose the method, or let Easyclose suggest it based on control: full, proportional or equity method. From that moment on, every report knows how to consolidate; you only have to set it up once.
The cursor sets the interest in Service B.V. back from 100% to 80%. The 20% minority interest appears immediately, and Easyclose includes it automatically from then on.
Other packages let intercompany positions quietly disappear. Easyclose shows them: next to the column per entity sits a genuine elimination column, and next to that the consolidated outcome. An intercompany management fee visibly disappears from revenue and from costs, and you see in black and white that the group result stays the same. Perfect for your working papers and your audit.
The elimination and consolidated columns slide into view. The intercompany fee of €135,500 lights up as it is removed from revenue and from costs; the result stays €2,245,000.
A grand total that comes to zero says nothing, because opposite errors cancel each other out. Easyclose compares both sides of the intercompany current account per pair of entities and per month. If a pair does not match, the cell turns red, and the drill shows in which month it went wrong and for what amount. You click through to the underlying entries.
The reconciliation matrix colours the Holding ↔ Service pair red. The month strip runs through: everything reconciles up to and including August; from September a counter-entry of €2,500 is missing.
All entities in a circle, every intercompany position a line: the thicker the line, the larger the amount. If a pair does not reconcile, the line turns red and the difference is shown right next to it. One click and you are on the month-by-month reconciliation, down to the entry line. So you see at a glance how your group is financially interwoven, and where to look.
The group web builds up line by line. The Holding ↔ Service pair turns red with the €2,500 difference; one click opens the month-by-month reconciliation.
For a subsidiary you own less than 100% of, you still consolidate the full figures, but part of the result and equity belongs to third parties. Easyclose splits that automatically: the third-party share and the part attributable to the group, neatly shown apart. With proportional consolidation you see the ownership adjustment in its own column.
The interest goes to 80% and the minority interest block unfolds: €154,900 third-party share, €2,090,100 attributable to the group. No manual work, no separate spreadsheet.
An interest you do not fully consolidate is accounted for using the equity method. Easyclose includes the group's share of the result as result from participating interests in your P&L, and increases the carrying amount of the interest on the balance sheet. Every movement entry is visible in the drill, so you see exactly how the carrying amount is built up.
Cost of €81,000 plus the share of the result (€271,727) adds up to a carrying amount of €352,727. The result from the participating interest lands in the consolidated P&L at the same time.
If a group company uses a different currency, Easyclose applies the current rate method: the balance sheet at the closing rate, the profit and loss account at the average rate and equity at historical rates. The exchange difference this creates appears visibly as a translation reserve in equity, so your consolidated balance sheet simply balances.
The items of Vermeulen UK Ltd. translate: assets and liabilities at the closing rate, result at the average rate, equity at historical rates. The translation reserve appears and the balance sheet closes at €840,000.
If one group company sells to a sister company at a profit, and those goods are still in inventory there, the group has not really made that profit yet. Easyclose eliminates that intercompany profit, calculated as a percentage of the selling price: inventory goes down and the result goes down, visibly and completely, until the goods actually leave the group.
Techniek delivers €40,000 at a 25% margin to Service, which still holds it in inventory. The unrealised profit of €10,000 is eliminated: inventory down, result down.
Subsidiaries you fully own (or control) count in full, with visible elimination of all intercompany positions and, below 100%, a separate minority interest.
A joint venture is included proportionally. The ownership adjustment sits in its own column, so you see exactly what was included pro rata.
A participating interest is accounted for using the equity method: the group's share of the result increases the carrying amount, and every movement can be followed in the drill.
Easyclose is built from the day-to-day practice of the controller and the accountant. Not just the final number, but the whole trail towards it is ready for your working papers.
Eliminations, minority interests and equity movements sit in their own columns and lines, not hidden inside a balance. You click every amount through to the entry line.
Per pair and per month you see whether the intercompany positions reconcile, with the month and amount of any difference included. No false green from errors cancelling each other out.
You set up the structure yourself, with an AI that suggests intercompany relationships. Operational within an hour, for a single BV or a whole group.
Want to know first when consolidation is legally required and how to approach it? Read our guide to the consolidated financial statements (the Dutch consolidation requirement, exemptions and a step-by-step plan). Looking for standalone reporting per entity? Read more about financial reporting (P&L, balance sheet, cash flow and year-on-year comparison).
The demo runs entirely in your browser with the fictitious figures of the Vermeulen Group: a holding company with an intermediate holding, four operating companies, a minority interest and a foreign subsidiary. The consolidation contains a deliberately built-in intercompany difference of €2,500 that the check pinpoints. Nothing to install, no account needed.
In the Setup tab you record each entity's parent and ownership percentage and choose the method: full, proportional or equity method. Easyclose suggests the method based on control, and shows your group as an org chart. You can also add entities without their own import, purely for the structure.
Yes. Intercompany positions are not silently dropped but shown as visible elimination entries in their own column of the consolidation schedule. Every elimination balances (debit equals credit) and clicks through to the underlying lines, so you can support it in your working papers.
You mark the intercompany current accounts, or let the AI suggest the counterparty. Easyclose compares both sides per pair of entities and per month. If a pair does not reconcile, you see in which month and for what amount, with the underlying transactions from both sides shown next to each other.
Yes. For a fully consolidated subsidiary below 100%, the third-party share of result and equity is shown separately. A participating interest you do not consolidate is accounted for using the equity method: the group's share of the result increases the carrying amount, and every movement entry is in the drill.
A subsidiary in a foreign currency is translated using the current rate method (balance sheet at the closing rate, P&L at the average rate, equity at historical rates), with a visible translation reserve. Intercompany profit on inventory between group companies is eliminated as a percentage of the selling price. Sub-consolidations (a group within a group) are supported too.
Certainly. Without a group structure, Easyclose behaves like regular reporting for a single entity (a BV is a Dutch private limited company). As soon as you add a second BV and record the structure, consolidation comes on top, without having to set anything up again.