Consolidate QuickBooks + Xero ledgers

Consolidation Reporting
for QuickBooks & Xero

Combine multiple client ledgers into one group and produce a single set of consolidated financial statements — even when your clients are split across QuickBooks and Xero.

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What is consolidation reporting?

Consolidation reporting combines the financial data of several entities — subsidiaries, trusts or related companies — into one set of group financial statements, presented as though the group were a single business. Intercompany transactions are eliminated so the consolidated result reflects only dealings with the outside world.

For accounting firms, the hard part is that each client entity often lives in a different ledger — and sometimes a different accounting package. Report Craft is built specifically to solve this: connect every ledger, map each chart of accounts to a shared group structure, post your eliminations, and generate consolidated statements in minutes rather than hours of spreadsheet work.

How Report Craft consolidates your ledgers

1. Connect

Link every entity's QuickBooks Online or Xero ledger via secure OAuth. Mix packages freely within one group.

2. Map accounts

Allocate each ledger's accounts to a unified group chart of accounts. The mapping is remembered for every future run.

3. Adjust & eliminate

Post consolidation adjustments and elimination journals to remove intercompany loans, sales and investments.

4. Generate

Produce consolidated P&L, balance sheet and trial balance, bundled into a single professional PDF.

Everything you need to consolidate a group

Combine unlimited QuickBooks and Xero ledgers into one group entity
Consolidate mixed groups — some clients on QuickBooks, others on Xero
Map every ledger to a single, unified group chart of accounts
Post consolidation adjustments and intercompany elimination journals
Consolidated Profit & Loss, Balance Sheet and Trial Balance
Comparative periods with percentage analysis across the group
Bundle the full report set into one print-ready PDF
Standardised, professional formatting on every statement

One group. One set of statements.

Stop rebuilding consolidations in spreadsheets every reporting cycle. Connect your ledgers once and generate consolidated financial statements on demand.

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Consolidation reporting FAQ

What is consolidation reporting?
Consolidation reporting combines the financial data of several entities — subsidiaries, trusts or related companies — into one set of group financial statements, as if the group were a single entity. Intercompany balances are eliminated so the consolidated result reflects only transactions with the outside world.
Can Report Craft consolidate QuickBooks and Xero together?
Yes. Report Craft normalises data from both packages, so you can consolidate a group where some ledgers are on QuickBooks Online and others are on Xero. The consolidated statements look identical regardless of each client's underlying package.
How do I map accounts across different ledgers?
Each ledger's chart of accounts is mapped to a unified group chart. Report Craft remembers the mapping per source account, so once a ledger is set up its accounts flow into the correct group lines automatically on every future run.
How are eliminations and consolidation adjustments handled?
You post consolidation adjustments and elimination journals — for example, to remove intercompany loans, sales or investments. Adjustments can stay local to Report Craft or be posted back to QuickBooks or Xero, depending on how your firm works.
What consolidated reports can I produce?
A full bundle: consolidated Profit & Loss, Balance Sheet and Trial Balance, plus front cover, compilation report, declaration, notes and more — all exported to a single, print-ready PDF.

Want the full picture? See all report types and pricing, or read our consolidation guides.