Accounting · Odoo glossary
Financial Consolidation
Financial consolidation combines separate entities’ financial information into group statements, with the required alignment, currency translation and elimination of internal transactions.
Definition
In general ERP practice
Financial consolidation combines separate entities’ financial information into group statements, with the required alignment, currency translation and elimination of internal transactions. Simply adding balances may overstate group results.
In Odoo
Odoo 19 documents account mapping, ledgers and consolidation adjustments as tools for building consolidated reports. Define the consolidation scope and record required eliminations; enabling multiple companies does not automatically resolve all group-accounting requirements.
Official Odoo documentation
The Odoo-specific explanation above is based on the documentation for Odoo 19. Features and workflows can differ in other versions.
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