Product demo
Consolidated financial reports, start to finish.
A 2 minute 34 second walkthrough of how EmLedger runs a Balance Sheet and P&L for one entity, then consolidates a parent and its subsidiaries into a single statement. No audio, no signup.
Configure consolidated financial reports in EmLedger
2:34 · No audio track · Recorded in EmLedger with demo data
Short answer
This demo shows how EmLedger consolidates financial statements across entities. It runs a Balance Sheet for one entity, points out the intercompany “due from” balance that has to be eliminated, switches the report to consolidated scope, and returns a group statement with per-entity breakdown and non-controlling interest columns. The same flow is then applied to a Profit & Loss. Every entity keeps its own real double-entry books, and consolidation is a report setting rather than a separate export or spreadsheet step.
What the demo covers
- 0:00
Where consolidated reporting lives
The demo opens on the EmLedger dashboard for Hartwell Holdings, with the entity switcher showing the parent alongside Hartwell Property Mgmt, Maple Street Rentals, and Riverside Commercial.
- 0:25
A Balance Sheet for a single entity
Switching to Maple Street Rentals reloads the Statement of Financial Position for that entity alone. Each entity keeps its own real double-entry books, so the numbers are that entity’s, not a slice of a shared ledger.
- 0:40
Spotting the intercompany balance
Back on Hartwell Holdings, the Balance Sheet shows account 1715 – Due from Maple Street Rentals at $25,000. That is the intercompany receivable that has to be eliminated before a group-level statement means anything.
- 0:55
Opening report settings
The Settings button opens the report parameters: display options (group by, show rows, account-type grouping) and comparison toggles for previous period and previous year.
- 1:05
Turning on consolidated scope
Under Filters → Scope, the "Consolidated report" toggle switches the statement from single-entity to group. Consolidation Scope is then set to Hartwell Holdings, which defines the top of the group being consolidated.
- 1:20
The consolidated Balance Sheet
The report returns with per-entity breakdown columns and a non-controlling interest column beside the group total, so you can see what each entity contributed rather than only the rolled-up figure.
- 1:40
Running the same flow on a P&L
From Reports → All Reports, the demo opens a Profit & Loss for Maple Street Rentals — rental income against repairs, property tax, insurance, utilities, mortgage interest, and depreciation.
- 2:15
Applying the settings
The same consolidated-report toggle and scope selector are applied to the income statement, and Apply Settings saves the configuration to the report.
Want to go deeper?
The demo covers the reporting side. For how the underlying pieces work, see consolidated reporting, entity management, and inter-company transactions. For the accounting behind it, read how to consolidate financial statements from subsidiaries and intercompany eliminations explained.
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