Consolidated Financial Statements

The Consolidated Financial Statement captures, as a whole, the accounting situation of the subsidiaries or affiliates of a Local Authority.
The complex process of coordinating all activities and aggregating the group’s accounting data, the continuous evolution of the regulatory framework, and possible staff shortages may require external support.

Logo BabylonWeb Consolidated Financial Statements

Approach

We take care of Public Administrations by listening to their needs and guiding them towards a common goal.
We provide the Authority with the experience gained directly in the field in over 800 Municipalities, ensuring a tangible saving of time and reduction of costs.

360-Degree Solution

WE do it FOR YOU. We assess the GAP and analyze the Scope; we draft the resolution; we provide guidance for the correct submission of data; we reclassify the financial statements of the companies included in the Scope and reconcile intra-group transactions; we deliver the documentation in compliance with current regulations (Consolidated Financial Statements, Explanatory Notes and Management Report, .XBRL file for BDAP).

The Tool: the Software Application - BabylonWeb Bilancio Consolidato

BabylonWeb Bilancio Consolidato is the module of the BabylonWeb suite that allows the inheritance of the parent company’s financial statements and consultation of the entries from the accounting module; it features a simple and intuitive interface; streamlines operations through wizard-guided procedures; speeds up data management and uploading; ensures maximum security, eliminating any margin of error. It guarantees a significant saving of time and resources.