Consolidated Ledger > Set Up CL Module Parameters

The Consolidated Ledger (CL) module provides the ability to quickly combine several companies’ account balances into a single unified ledger to present consolidated financial statements and other reports. It supports consolidation for companies with different reporting currencies, making it ideal for multi-national organizations with foreign operations. AccountMate Enterprise’s Consolidated Ledger allows you to map the subsidiary’s chart of accounts to that of the consolidation company, to set up currency exchange rates to be used during consolidation, to consolidate account balances, and to generate consolidated financial statements and other reports.

Setting up the CL module must be done in order to perform any consolidation-related processes and transactions.