Defining a consolidation company by copying an existing company

Use this procedure when the consolidation company structure (hierarchy) is the same as the structure of the From company.

  1. Access Company Copy Delete (GL110).
  2. Select Copy (M) in the Action field. In the Company field, select the company from which you want to create a new company with an identical structure. Use these guidelines to specify the field values on the Copy form tab:
    To Company

    Specify or elect the company number and name of the new company to be used as the consolidation company.

    Base Currency

    Select the base currency for the consolidation company. This is the currency to which the balances of all the translation companies are to be translated.

    Currency One Currency Two

    You can specify report currencies for the consolidation company.

    Balance, Transactions / Acct Unit Attributes / Budgets

    Accept the default settings in these fields (No) to indicate that you do not want the balances, transactions, accounting unit attribute values, or budget amounts to be copied from the originating company. (You want to keep the structure of the company only.)

  3. Access Company (GL10.1) and go to the Main tab.
  4. Inquire on the new company and change the company status to Consolidation.