Accounting & BookkeepingAccounting & Financial Management3MediumAccountant$ implied
Consolidation entry under ASC 805 for a pre-existing relationship between parent and subsidiary does not balance, causing a 100-dollar plug that is not accounted for in goodwill calculation.
Existing accounting software and textbooks cover standard consolidation entries but do not clearly handle the mechanics of intercompany pre-existing relationships that are excluded from goodwill under ASC 805, leaving users to manually plug numbers without guidance.
47
0
Opp. Score
47
Severity
3Medium
Willingness to Pay
implied
Added
Jun 25, 2026
Implied Software Gaps
- Software that can model pre-existing intercompany relationships and balance consolidation entries automatically
App Concept
ConsolClear: ASC 805 Consolidation Wizard
A specialized add-on or standalone tool that guides accountants step-by-step through complex business combination consolidations, automatically handling pre-existing relationships, deferred taxes, and noncontrolling interests. It ensures entries balance and provide audit-ready working papers.
Key Features
- Step-by-step consolidation wizard for acquisition accounting (ASC 805)
- Automatic handling of pre-existing relationships, including intercompany advances, payables, and receivables
- Built-in goodwill impairment testing and allocation
- Export to major accounting software (QuickBooks, Xero, SAP) and Excel
Target Users: Corporate accountants and controllers at mid-to-large companies and CPA firms handling M&A transactions
Revenue Model: $99/month per user subscription or $999 one-time license fee
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