When every subsidiary keeps its own books, month-end becomes a scramble of exported balances, manual mapping, and reconciliations that only resolve days after the period ends. cifraHQ General Ledger gives every entity one shared chart of accounts and one live source of truth, so consolidated numbers are ready when you are, not a week later.
Picture the last close: three entities, three exports, and a master workbook nobody fully trusts. One mistyped intercompany balance throws the consolidation off by thousands, and the team spends the first week of the month hunting for it instead of explaining results to leadership. Until the books actually close, the CFO is steering on numbers that are already stale. A single ledger removes that gap entirely.
Everything you need for complete financial management and reporting
One shared chart of accounts every entity posts against, with unlimited hierarchy, segments, and dimensions. No more mapping each subsidiary's codes to a master file by hand at close.
Post manual, recurring, and reversing entries with approval workflows built in, so every adjustment is reviewed and traceable instead of buried in an email thread or a spreadsheet cell.
A live trial balance you can drill straight into the underlying transaction from, so when a number looks wrong you find the cause in seconds instead of unwinding a stack of exports.
Balance sheet, income statement, and cash flow generated on demand from posted data, with comparative periods ready to hand to auditors or the board without a manual rebuild.
Roll up every legal entity with intercompany eliminations handled by the system, across different currencies and fiscal calendars, replacing the copy-paste master workbook that breaks every time the group changes.
Every entry carries the user, timestamp, and source that created it in an immutable log, so audit season is a report you export rather than a reconstruction you dread.
Report under IFRS and local frameworks from the same ledger, so you satisfy group standards and local regulators without maintaining two sets of books.
Stop steering on numbers that are a week stale. Because every entity posts to one ledger, the group position is current the moment transactions land.
Walk into external reviews with the trail already in place. Every balance ties back to a documented transaction, so auditor requests are answered from the system, not assembled overnight.
AP, AR, Sales, and Inventory post to the ledger automatically, so the sources feeding your close are already reconciled instead of re-keyed at period end.
Connect with a certified cifraHQ partner to see how our General Ledger can transform your financial operations.