GATHER Journals let you automate consolidation adjustments, post manual adjustments, and review the calculations behind consolidated figures.
Use this guide to understand:
Where journals are created and managed
What the different journal types do
How automatic consolidation journals behave in Working Papers
How foreign-exchange differences are handled within automatic consolidation journals
Where to Create & Manage
Auto Journals tile - set up automated intercompany eliminations.
Working Papers - add/edit period-specific manual adjustments in context.
Journals tile - central hub to review, edit, deactivate, stop schedules, and audit history.
Summary: Core Journal Types
Manual Journal Sub-types & Behaviours
Rule of thumb: Recurring journals are available only for P&L journals (not Balance Sheet or Linked).
Automatic Consolidation Journals
GATHER.nexus automatically creates six balance-sheet journals from the ownership and acquisition details recorded for subsidiaries.
Journal | What it does |
Pre-Acquisition Journal | Records goodwill and NCI at acquisition and eliminates the parent's investment in the subsidiary. |
NCI Journal (Current Year Earnings) | Gives the minority its share of profit earned since acquisition. |
NCI Journal (Retained Earnings) | Provides the retained-earnings counterpart at year-end. |
Step Acquisition Journal | Reflects buying a further stake after the original acquisition. |
Disposal Journal | Reflects selling part of a stake. |
Auto FX Journal (Auto FX 1) | Posts foreign-exchange differences on earnings and NCI. |
The Pre-Acquisition Journal is created for a subsidiary that was Acquired an existing company.
For a subsidiary that was Formed a new entity, the Pre-Acquisition Journal is not created because there is no acquisition, purchase consideration, goodwill or pre-acquisition equity to eliminate. The other applicable journals still apply.
Automatic FX Journal – Auto FX 1
Where a subsidiary reports in a different currency from the Group Reporting Currency, foreign-exchange differences are handled within the automatic consolidation journals.
Auto FX 1 posts foreign-exchange differences on earnings and NCI.
The month-end exchange differences are posted within the applicable automatic journals. There is no separate FX journal for these differences.
Reviewing Auto FX 1
Auto FX 1 appears in the Working Paper after acquisition when it applies.
On the Balance Sheet, the Working Paper inserts a Debit and Credit column pair for each journal that applies to the month. The journal pairs are presented in the order Pre-Acquisition, NCI Journal and Auto FX 1, where applicable.
Each journal column pair is labelled with the journal name so you can see which journal moved a balance.
Automatic Journals in Working Papers
The automatic journals are visible in the Working Paper alongside the group's aggregated and consolidated figures.
On the Balance Sheet:
The Aggregated column is followed by the applicable journal Debit and Credit column pairs and then the Consolidated column.
A journal's column pair is shown only for the months in which that journal exists.
Pre-Acquisition appears from the month of acquisition.
The NCI Journal appears from the day after acquisition because there are no post-acquisition earnings in the acquisition month itself.
Auto FX 1 appears only after acquisition.
The Aggregated column plus the journal debits and credits equals the Consolidated column, allowing you to trace how the consolidated figure was produced.
Reviewing the calculation
Calculated journal amounts are clickable in the Working Paper.
Selecting a calculated amount opens a calculation card showing the working behind the figure, including the relevant base amount, exchange rate, ownership percentage where applicable, and resulting group-currency amount.
The platform-generated journal amounts can also be edited if a figure needs to be corrected.
Profit & Loss Minority Interest
Minority-interest figures in the Profit & Loss are not journals.
They are calculated per subsidiary and shown directly in the Consolidated column.
For each subsidiary:
Minority interest = Net Profit After Tax in group currency × (100% − effective ownership %)
Where a subsidiary has intercompany P&L accounts, these adjust the profit base before the NCI percentage is applied.
The minority-interest figures appear only in the Consolidated column. No debit or credit is posted because they are a presentation split of profit that has already been recognised.
FX in Reserves
When a subsidiary reports in a currency other than the Group Reporting Currency, the platform creates FX in reserves accounts in the Group Reporting Template to capture foreign-exchange differences.
The platform recalculates the relevant Pre-Acquisition figures at each month-end rate and posts the difference between the previous month and current month within the Pre-Acquisition Journal.
The applicable FX in reserves accounts include:
Purchase Consideration
Goodwill
Pre-Acquisition
Share Capital
Equity attributable to minority
Step-related items where applicable
Clicking an FX in reserves amount opens a card showing the previous month's total, the current month's total and the difference between them.
In the month of acquisition, there is no previous month to compare against, so no FX difference arises.
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