How do I get a consolidated group profit and loss and balance sheet?

1) Connect every company's Xero organisation and let the first sync finish. 2) Accounts → Settings → GL Exclusions: tick the accounts that net to zero across the group — intercompany loans and intercompany trading accounts — so they are left out of consolidated totals. 3) Optionally record the ownership chart on Accounts → Company Structure: then the Consolidate control on Financial Reports becomes a level picker, and each holding company consolidates itself with its subsidiaries automatically. Without a chart it is a whole-group toggle. 4) Open Accounts → Financial Reports and switch on Consolidate. A consolidated balance sheet that does not balance shows an amber note: the excluded intercompany accounts do not fully net — fix the breaks on Intercompany Reconciliation. Group consolidation sits at the Standard tier.