What do I need to install it?+
Odoo 19 (Community or Enterprise) with Accounting Pro (taqnix_accounting_pro) 1.0.2 or later (version 19.0.1.0.2) already installed: this is an add-on of Accounting Pro and it does not work without it. All the companies of the group must be in the same database, with their charts of accounts, and Odoo needs currency rates for every member currency. The users who consolidate must be allowed in the parent and in every member company.
How is it different from the multi-company reports of Accounting Pro?+
The Accounting Pro reports can cover several companies: they add the companies together in one currency, with no elimination, no translation reserve, no goodwill and no non-controlling interests. This add-on consolidates: it maps every member account to a group chart, translates each member at the closing, average and historical rates, eliminates intercompany balances, sales and the investments, computes goodwill and non-controlling interests, and keeps the result in runs that are validated and locked.
Does it comply with IFRS? Is it audit-ready?+
It is an accounting tool built on the principles of IFRS 10, IFRS 3, IFRS 11 and IAS 21, with simplifications that are listed on every report, on the PDF and in the guide (for example one historical rate for all the equity of a member, goodwill kept at the rates of the acquisition date, goodwill and NCI at book values). The standards were checked on summaries, and some paragraphs are marked as not verified. It does not produce audit-ready IFRS financial statements and it is not professional advice: review the figures with your accountant or auditor before you publish them.
How are the figures computed?+
Each member's posted journal items up to the period end are mapped to the group chart and translated: assets and liabilities at the closing rate, income and expenses at the average rate (daily or month-end), equity at the member's historical rate. The translation reserve is the amount that balances each translated member, explained by a check table. Intercompany receivables, payables, sales and purchases between members are eliminated, the investment is eliminated against the equity at acquisition (goodwill = investment - share of that equity, at book values) and the non-controlling interests take their share of the net assets and of the profit. Every run must balance to the cent.
What happens with intercompany differences?+
They are never hidden. When the two sides of a pair do not agree (an invoice booked by one company only, an exchange difference, a dispute), the difference goes to its own line, Intercompany differences, and the pair is flagged when it is above the tolerance of the settings. The Intercompany Reconciliation report lists every pair with the journal items of both sides.
What does it not do?+
No equity method (associates and joint ventures: proportional consolidation is for joint operations only), no automatic elimination of unrealised profit, no deferred tax on adjustments, no hyperinflation, no fair-value adjustments, no indirect non-controlling interests, no goodwill impairment tests, no step acquisitions or partial disposals, no consolidated cash-flow statement, no analysis of the translation reserve movement. Loans on other accounts, dividends and asset transfers inside the group are manual adjustments. A member in a validated run can never be removed: after a sale, create a new group.
Does it post entries in my companies' books?+
No. The consolidation lives in its runs: a run stores its lines, rates and adjustments as a snapshot, so a validated or locked run never changes when somebody posts later. Reopening a run needs a consolidation manager and a reason, written in a log.
Who can see the group and its figures?+
Only users allowed in the parent company and in every member company of the group. A user who lacks one member company sees no group, no run, no report figure and no dashboard card of that group. Consolidation users compute runs and add manual adjustments; consolidation managers set up groups, members, the chart and the mapping, override rates, validate, lock and reopen runs. Drill-downs to the journal items show rows when every company of the group is active in the company switcher. The name of the default group set on the parent company can be read by users lacking a member company; its figures cannot.
Is it available in Arabic?+
Yes. The add-on, its guide and its screens come in English and Arabic, and the reports, the PDF and the Excel files work right to left.
