Review of internal control processes
23:59 WorkTiles AB
Flow
Consolidation
Trial balances roll up automatically. Eliminations are visible. Intercompany mismatches surface.
WorkTiles holds the structure of your group consolidation - the chart mapping, the elimination rules, the FX policy, the intercompany matching. Each entity works in WorkTiles. The roll-up happens in WorkTiles. The auditor opens WorkTiles.
Month-end close - Group consolidation 2026-03
Consolidate WorkTiles AB and TaskBricks AB. Eliminations and adjustments applied automatically.
| Code | Account | WorkTiles AB | TaskBricks AB | Subtotal | Elim. | Adj. | Consolidated |
|---|---|---|---|---|---|---|---|
| 1120 | Improvements on third-party property | 272,000 | 0 | 272,000 | - | - | 272,000 |
| 1129 | Accumulated depreciation, improvements | -105,998 | 0 | -105,998 | - | - | -105,998 |
| 1220 | Equipment, accumulated | 16,725,880 | 9,284,823 | 26,010,703 | - | - | 26,010,703 |
| 1410 | Inventory | 4,182,500 | 2,142,705 | 6,325,205 | -318,400 | - | 6,006,805 |
| 1510 | Accounts receivable | 4,387,219 | 1,840,612 | 6,227,831 | -742,150 | - | 5,485,681 |
| 1630 | Tax settlement account | 128,402 | 64,118 | 192,520 | - | +12,400 | 204,920 |
| 1930 | Operating account, SEB | 6,802,118 | 2,415,002 | 9,217,120 | - | - | 9,217,120 |
| 2440 | Accounts payable | -3,915,287 | -1,408,612 | -5,323,899 | +742,150 | - | -4,581,749 |
| 2510 | Tax liability, current | -880,420 | -330,114 | -1,210,534 | - | -12,400 | -1,222,934 |
Two entities, one consolidated balance sheet - eliminations and adjustments applied right next to the data they affect.
The work
How this flow runs in WorkTiles
- 01
Trial balances roll up automatically
Each entity uploads its TB once. WorkTiles aggregates the balances against your group chart of accounts - no spreadsheet ping-pong, no manual mapping every period.
- 02
Eliminations live next to the data
Intercompany payables, receivables, revenue, and cost-of-goods eliminations are configured once and run automatically. Every elimination shows what it removed and why.
- 03
FX adjustments at the right rates
Set translation rates per period - period-end, average, historical. Currency adjustments calculate against the right balance with the right rate. Differences post to CTA, visible and auditable.
- 04
The intercompany matrix builds itself
WorkTiles assembles the matrix of intercompany balances between every group company automatically - each entity's receivables set against the other's payables. Transaction matching reconciles the two ledgers line by line, so when entity A claims a balance entity B doesn't recognize, the difference surfaces with the underlying transactions attached. Both teams resolve it in the same view.
- 05
The consolidated set is the source
Group reporting, board materials, and the audit pack all read from the same consolidated set. No reconstruction, no version drift, no late-night spreadsheet rebuilds.
Why WorkTiles
What's different about running it here
No spreadsheet between subsidiaries
Each entity works in WorkTiles. The roll-up happens in WorkTiles. The auditor opens WorkTiles. No 80-tab consolidation workbook, no broken formulas, no who-changed-what.
Eliminations are visible, not magic
Every elimination is a row you can click into. You see the source transactions, the rule that triggered it, and the post-elimination balance. Auditable by design.
Configurable per group structure
Multi-tier holdings, JVs, partial ownership, minority interest - model your group once, and the roll-up follows. Add an entity mid-year and the next period absorbs it.
One trial balance, one consolidated view
Entity-level reconciliation flows directly into the consolidated set. The numbers you signed off on at the entity are the numbers in the group report. No disconnects.
Run finance with less friction.
And more control.
Book a 30-minute demo. We'll show you the close, the recurring work, and how onboarding actually goes.