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<< Click to Display Table of Contents >> Install Consolidated Ledger Module |
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This section discusses the procedures for setting up the Consolidated Ledger (CL) module in AccountMate Enterprise for the first time.
Important points to remember in setting up the CL module for the first time:
1.Verify that your hardware and software resources meet the minimum system requirements.
2.Activate both the General Ledger (GL) and CL modules.
3.Install the license file.
4.Set up the GL module to integrate CL.
5.Create the consolidation company.
6.Set up the group and user access rights.
7.Set up the fiscal period table.
There are two ways of installing a module in AccountMate Enterprise—as an integrated module or as a stand-alone module; however, CL is an exception. CL is always installed as an integrated module since it needs the General Ledger module for it to function.
CL Module as an Integrated Module
Consolidated Ledger can be set up only after the General Ledger module is activated and set up in AccountMate Enterprise. The system does not allow you to set up the Consolidated Ledger module until after you have completed the following steps:
1.Set up the General Ledger module parameters within which you can utilize the GL module using the GL Module Setup function.
2.Create your company's Chart of Accounts and set up all the GL Account IDs that will be used in the Consolidated Ledger module.
3.Assign specific GL account IDs that will become the default accounts used in various transactions using the GL Account Selection function.
4.Access the CL Module Setup from the Consolidated Module to define the subsidiary companies of the consolidation company.
5.Map the consolidation company's chart of accounts to that of the subsidiary companies' using the Map Chart of Accounts function in the CL module.
After performing the steps above, you can proceed in setting up the Consolidated Ledger. Once the CL module is set up, it is automatically integrated with the General Ledger module. Integrated modules can transfer or post GL account transactions in GL to any period of the future, current, and prior fiscal year, except for restricted posting periods. Posted journal entries from all integrated modules will be the basis for consolidation.
General Guidelines in CL Module Implementation
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