With many large corporations, after gathering data from all subsidiaries (accounting independently or dependently) to server has been installed BRAVO software, the data will be processed, standardized with and excluded process between subsidiaries and parent company to sum up the consolidated financial statements of corporations.
Standardize data, declare norm
BRAVO Software implements standardized data processing through automated formula has been declared and defined while designing process. The software system will check the data to issue the arising internal data and transaction has not been standardized. Then user would adjust regulations, declare and standardize data on the same criteria, a common type to create report. The basic types of indicators should be established include: Target funds, assets, revenues, expenses, profits and other indicators...
Analyze & eliminate un-necessary internal data
BRAVO software design of the "Declaration of the formula for determining eliminate internal transaction". At the end of the period, users run these functions before creating report, then, the system will automatically generate "automatic entry" for the purpose of eliminating internal transactions. Also BRAVO software enables "Update arising data & adjustment" to adjust other business transactions that the system can not be excluded on the basis that automatic data processing system for creating fiscal consolidation reports. Some business transactions will be declared and handled by BRAVO software:
Exclude internal transactions (between parent/member companies) include:
Create and print accumulated report
After these steps, users could set up the General Report with data came through merge process on BRAVO software. Some Accumulated Report such as: