finpar

Consolidation that shows its work.

A group accounting engine for IFRS, the German HGB and the Austrian UGB, where every consolidated figure traces back to the journal entry that produced it.

├ Parent AG 720 000
├ Subsidiary GmbH 410 000
├ Foreign Sub d.o.o. 260 500
└ Intercompany elimination −106 000
Consolidated revenue 1 284 500
Illustrative. Consolidated output is the sum of the journal — not a figure computed beside it.

What it is

finpar takes the trial balances and published financial statements of every entity in a group and produces consolidated accounts: goodwill, non-controlling interests, currency translation, intercompany elimination, equity accounting.

The difference is in how it gets there. Consolidation is normally a spreadsheet — a chain of derived cells that produces a defensible number and almost no explanation of it. finpar runs the same work as an append-only ledger of journal entries, so the result and the reasoning are the same artefact.

Principles

  • Every number is a posting

    No step in the pipeline may produce a value that isn't expressed as a journal entry. Consolidated output is the sum of the journal, so any figure can be opened, traced to the source facts behind it, and explained to whoever is asking.

  • Multi-GAAP by construction, not by translation

    Concepts are canonical; presentation is per framework. The same underlying facts render as an IFRS statement of financial position or a UGB Bilanz without being re-tagged, and the divergences between frameworks are explicit rather than buried in a mapping table.

  • Both sides of every option

    Where a framework permits a choice that changes the result — a Wahlrecht — both paths carry their own test scenario, under IFRS and under UGB. An election is a decision the group records, not a behaviour the software assumes.

  • Built for more than one firm

    Group controllers, entity accountants and external auditors work in one project with per-entity, per-role authorization, and every change is recorded on an audit trail that cannot be edited after the fact.

Where it stands

finpar is in active development. The consolidation engine, the document-to-facts extraction pipeline and the collaboration layer run against real group structures today; it is not yet generally available.

It is designed and built by one engineer, which is worth knowing on both counts: the roadmap is short, and you would be talking to the person who writes it.

If you prepare consolidated accounts under IFRS, HGB or UGB and any of this sounds like a problem you recognise, I'd like to hear from you — hello@finpar.io