Consolidation Processes

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Consolidation Processes

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To properly use the Consolidated Ledger module you need to perform the following steps:

 

1.Create a consolidation company.

 

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Note:  Any of the regular companies including the “parent company” can be assigned as subsidiaries of the consolidation company.

 

 

2.Map the chart of accounts of the companies to be consolidated to the consolidation company’s chart of accounts.

 

3.Set up the currency exchange rates to be used for consolidation.

 

4.Perform consolidation of account balances.

 

5.Generate the applicable reports.

 

 

 

 

 

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