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Product Description is a financial reporting and consolidation accounting software. It’s a platform for Finance teams in multi-entity businesses, which use Xero and Quickbooks are their core accounting software.

The platform solves several pain points faced by these teams. Using the platform, teams can effortlessly consolidate multiple entities with speed, flexibility, and accuracy – and across various currencies.

The platform incorporates an intercompany management tool that allows teams to post and manage intercompany transactions, recharges, transfer pricing, and loan arrangements centrally. The tool also enables the smooth matching of intercompany transactions between entities to ensure intercompany balances reconcile.

The platform also incorporates a balance sheet reconciliation tool to enable smooth monthly balance sheet reconciliations across balance sheet accounts such as accruals, prepayments, and deferred income. Key Features:

  • Consolidated reporting
    Key financial reports
    Business KPI reports
    Flexible report periods
    Group Financial Control & Reporting
    Automate complex balance sheet reconciliations
    Download & Share reports
    Intercompany management tool
    Intercompany reconciliation tool
    Intercompany transaction tool
    Intercompany matching tool
    Recurring Journals
    Balance sheet journals
    Consolidation journals
    Deferred revenue, accruals, prepayments Integrations: can seamlessly integrate with Xero and QuickBooks—Synchronise data across legal entities and accounting, platforms for single consolidated financial records. + Quickbooks Consolidation Reporting: QuickBooks combines reports from multiple companies + Xero Consolidation Reporting: Xero combines reports from Multiple Companies Pricing:

  • Single Group: £150 (GBP) /month (annual) or £175 (GBP) /month (monthly).
  • Unlimited Groups: £350(GBP) /month (annual) or £400(GBP) /month (monthly).

All available versions of Gather Nexus offer the same range of features. The price varies according to the number of companies required. Additionally, Gather Nexus provides a free trial option for users to test its features before committing to a purchase.