Why Xero Consolidation Is Painful
Xero is built for single entities. The moment you have a group, the work moves to spreadsheets.
One Xero org per entity
Every subsidiary lives in its own org — group reporting starts with repetitive exports and a blank spreadsheet.
Intercompany eliminations by hand
Loans, recharges, intercompany sales — all matched and eliminated by hand. One missed entry throws the whole balance sheet off.
Foreign currency translation
Subsidiaries in different currencies need consistent translation across P&L, BS, and equity. Doing it in Excel is fragile and audit-unfriendly.
A new template every restructure
Acquire, divest, or restructure — and the workbook needs another rebuild. The template never quite stabilises.
A Complete Multi-Entity Consolidation Workflow
Every part of the consolidation close — automated to your firm's methodology.
Multi-Entity Roll-up
Single combined report for group P&L, balance sheet, cash flow, vendor breakdown, and more.
Intercompany Eliminations
Define rules once. Applied every close, with complete audit trail.
Foreign Currency Translation
Your FX policy — period-end, average, or historical, by line.
Custom Group Structure
Sub-groups, segments, holding tiers, partial ownership. All mapped to your group structure.
Your Reporting Format
Your exact layout, line ordering, formatting, and disclosures. Not a generic template.
Custom KPIs & Comparatives
Bespoke metrics and comparatives, including formulas too complex to write by hand.
Built for Every Kind of Group Reporting
From holding companies with a few subsidiaries to accounting firms
running consolidation for dozens of clients.
Holding companies finance teams
A clean monthly group close across every subsidiary. Eliminations and FX handled the same way every period.
Spend the close on review and analysis — not on stitching trial balances together.
Accounting firms with multi-entity clients
One methodology, one engine — applied across every group client you advise on.
Onboard new entities in minutes. Charge for advisory work, not re-keying.
From Manual Close to One-Click Consolidation
Lifetime access to instant consolidated reports in 3 simple steps
We learn your group structure, accounting policies, eliminations, and current report format.
We systemise your logic — eliminations, FX, etc. — into an engine connected to Xero orgs in the group.
Run your consolidation on demand. New entity? Methodology change? We got those covered.
Manual Excel Consolidation vs. Cheetah
What the monthly close looks like with and without consolidation automation.
Manual Excel close
- Export trial balances from each Xero org, one by one
- Re-key intercompany balances and chase mismatches
- Translate FX manually using period-end rates
- Rebuild the consolidated P&L and balance sheet every month
- Triple-check formulas before sending to the board
Cheetah
- Live-pull every entity's data from Xero in one run
- Intercompany eliminations applied by rule, with audit trail
- FX translation using your chosen rates and policy
- Consolidated P&L, balance sheet, and cash flow in a flash
- Same template, every month — no formula babysitting
Consolidation FAQ
Common questions about consolidating Xero entities with Cheetah.
Does Xero do multi-entity consolidation natively?
No. Xero has no built-in way to roll multiple organisations into a single consolidated P&L or balance sheet. Most groups fall back to spreadsheets — or consolidation software like Cheetah.
How does Cheetah consolidate multiple Xero organisations?
Cheetah connects to every Xero org in your group, pulls live data on each run, applies your eliminations and FX rules, and rebuilds the consolidated P&L, balance sheet, and cash flow in Google Sheets.
Can Cheetah handle intercompany eliminations?
Yes. We define the rules with you — loans, recharges, sales, dividends, etc. — and Cheetah applies them every close. Every entry is traceable, so reviewers can see what was removed and why.
Does Cheetah support foreign currency consolidation?
Yes. Each subsidiary's accounts are translated into the group reporting currency using your policy — period-end, average, or historical, by line. Applied consistently every month, so prior-period comparisons stay clean.
How is Cheetah different from Fathom, Spotlight or Joiin?
Off-the-shelf tools force your reporting into their template. Cheetah is built around your methodology — your structure, line ordering, disclosures, eliminations. We systemise how you already do consolidation, then automate it.
Can I add or remove entities later?
Yes. We handle entity changes for you — acquisitions, divestments, restructures. The engine is updated and tested before your next close.
How long does it take to set up consolidation?
Most groups are up and running within a couple of weeks. We scope the structure in a free consultation, then build and test the engine entity by entity.
Where does my consolidated data live?
Reports go straight to Google Sheets — exportable to Excel, PDF, or CSV. Cheetah doesn't store your data; everything is pulled fresh from Xero on every run.