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26 Aug, 2021
With this month’s product release, we’re excited to introduce side-by-side reporting for consolidated budgets and cash flow statements, as well as individual company data in group reports.
Since the launch of Fathom’s consolidation functionality, we've helped to shave hours off consolidated reporting cycles. You’ve gained efficiency through the automatic aggregation of underlying company data, and fully customisable group report templates. This latest update is all about bringing the power of Fathom consolidations to the forefront.
Filtering financials by company
Surfacing individual company financial data within consolidations has been one of our most requested consolidated reporting features; we’re thrilled to bring it to you this month, in the form of a ‘company filter’.
Simply select the subsidiary company that you’d like to report on, then configure the table to select the financial statement or snippet you’d like to show. You can choose to include actual, prior period, budget, common size and variance reporting columns. In Fathom, you get a completely customisable table that gives directional insight into the future of the business and allows you to drill into individual company performance from the group level.
More options for ‘Financials by Company'
The ‘Financials by Company’ table quickly became one of the most popular report components for consolidated groups. This month we’ve expanded this selection to include all new financial statements and data types. In addition to our existing ‘Financials by Company’ components, which display the Profit & Loss and Balance Sheet by company, we’ve given you the ability to select from:
- Cash Flow Statement
- Budgeted Profit & Loss
- Budgeted Balance Sheet
- Budgeted Cash Flow Statement
This makes surfacing company-level insights even easier and allows for the quick comparison of the results of each of your locations.
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Consolidated group landing page
Managing your consolidated group has never been easier! We’ve built you a consolidations landing page to provide a central location to manage the group level settings and provide visibility into the companies that make up the group.
From this page, it’s just a single click to access all of Fathom’s consolidation functionality, including the group level forecast. You can also navigate to your subsidiary companies and perform quick actions without leaving the page (such as downloading the consolidated chart of accounts).
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Predefined consolidated report template
Predefined report templates are a great way to get acquainted with the 90+ charts and tables that can be edited and customised to form the foundation of your Fathom management reports. We recently built a new report template that highlights the consolidated reporting features, including the Breakdown tool and the 'Financials by Company' component. You can access this new template from 'Templates section' in the Fathom Report Centre.
More information
Questions, comments or feedback? We'd love to hear from you at support@fathomhq.com.
Written by Allanah Miller
Allanah is a Product Manager at Fathom, having previously worked closely with our customers in Account Management over the last few years. As a qualified CPA, Allanah brings vital accounting acumen to help us build the best possible product. Before joining the team at Fathom, Allanah studied at UCLA and worked with PwC for three years as a Senior Tax Associate.
