FAQ’S

Q: DOES QUICK CONSOLS INTEGRATE INTO MY ERP SYSTEM?

A: Quick Concols doesn’t currently integrate into any ERP systems. This has been earmarked for future development.

Q: HOW SECURE IS MY DATA?

A: Your data is stored on class leading hosting infrastructure hosted within a data centre. We aim to provide the best security available.

Q: HOW LONG DOES IT TAKE TO GET UP AND RUNNING?

A: You can generate your first report within a matter of hours if you have your group structure and data available.

Q: DO I NEED TRAINING TO USE THE SYSTEM?

A: We’ve made the system as easy to navigate as possible and you shouldn’t need any special training. Have a look at our Youtube tutorials posted under “Tutorials” on our home page. Still have a question that needs answering, you can log a ticket with our support staff by clicking the “Support” button at the bottom of our home page.

Q: MY TRIAL BALANCE WON’T UPLOAD.

A: Your trial balance must be in a specific format to upload: Account number, Account Description and Amount. The system works with CSV and Excel trial balances. Your trial balance must be a year to date trial balance and your trial balance must balance (i.e. totals to zero)

Q: I ACCIDENTALLY DELETED A COMPANY.

A: There is currently no restore function on the system, you will have to recreate the data for this company

Q: WHO MANAGES THE EXCHANGE RATES?

A: Exchange rates are managed globally by our development team and based on the Reuters feed

Q: DO I NEED TO CALCULATE MINORITY SHAREHOLDERS INTEREST (MSI)?

A: There is no need to manually calculate and process MSI. The system will automatically calculate this for you and process the relevant proforma journals.

Q: DO I NEED TO CALCULATE FOREIGN CURRENCY TRANSLATION RESERVE?

A: There is no need to manually calculate and process FCTR. The system will automatically calculate this for you and process the relevant proforma journals.

Q: I NEED HELP TO SET UP MY COMPANIES?

A: We do have support staff that will be able and willing to get you set up. You can log a ticket with our support staff by clicking the “Support” button at the bottom of our home page.

Q: WHAT IF MY GROUP COMPANIES HAVE DIFFERENT YEAR ENDS?

A: Our system caters for this. You simply need to select the companies you want to consolidate and the date range and the system will calculate the rest

Q: CAN I DO CONSOLIDATED ANNUAL FINANCIAL STATEMENTS ON QUICK CONSOLS?

A: You can use the system to process your AFS consolidation, however the system is designed and geared towards management reporting. An AFS module is currently in development that is fully IFRS compliant.

Q: CAN I DO PARTIAL CONSOLIDATIONS?

A: Yes, absolutely. Simply select which companies you wish to consolidate and the system will do the reporting for you on Income Statement, Balance Sheet and Cashflow Statement.