Nordlet for holding companies

How a holding company can use Nordlet to keep the books of several companies, combine them into group accounts, and record securities and dividends.

A holding company owns shares in other companies. Its own books are often small, but it has to see the whole group, track its investments, and record the dividends it pays and receives.

Nordlet keeps the books of each company and can combine them into one set of group accounts.

Several companies under one login

One login can hold several companies, each with its own country, currency and books. You switch between them in the app.
Each person gets a role per company, so an accountant can work on one company and not another. The team roles guide lists every role.
The owners of each company are kept in a register, each linked to an equity account such as share capital.

Group accounts

Consolidation means adding up the accounts of a parent company and its subsidiaries, so the group is shown as if it were one company.

You create a consolidation group and add the member companies, each with an ownership percentage.
Each member is combined in one of three ways: in full, in proportion to the share owned, or as a single investment line (the equity method).
When the parent owns less than 100% of a subsidiary combined in full, the share of the other owners is shown separately as non-controlling interest.
A member that keeps its books in another currency is converted at the rate of the reporting date.
The result is a group balance sheet, profit and loss, and trial balance.

You can only add a company that shares an administrator with the group's owner company. The consolidation guide explains each method and its limits.

Dealings between group companies

Nordlet finds partner records in one group company that look like another group company, by company code or VAT code.
Once you confirm the link in both directions, a sale invoice from one company creates a matching draft purchase invoice in the other.
The intercompany report lists these invoices on both sides, with the ones that do not match.
You enter the amounts to remove from the group accounts yourself. Nordlet does not post these eliminations for you.

Investments, dividends and tax

Broker statements. You import an Interactive Brokers activity statement into a broker account. Nordlet books dividends, withholding tax, interest and fees. It matches share sales to the oldest purchases first and books the gain or loss.
Dividends you pay. In the annual accounts record of a year, you record each decision to distribute profit: a dividend, an interim dividend, or another payment treated as one. Profit kept in the company is called retained earnings.
Tax returns. The filing support table shows, for each country, whether Nordlet sends the corporate income tax return, builds a file you upload, or shows the figures you type in.

Frequently asked questions

Does Nordlet remove intra-group balances automatically?

No. Nordlet finds the invoices between group companies and reconciles both sides. You then enter the eliminations on the consolidation report.

Which broker statements can Nordlet import?

Interactive Brokers activity statements in CSV format.

Can the group companies be in different countries?

Yes. Each company is set up in its own country. A member with a different currency is converted at the rate of the reporting date.