Consolidation company

A consolidation company is a company defined and used solely to consolidate translated balances from one or more General Ledger companies. If you are using intercompany currency translation, then you must consolidate financial information by translating balances from one or more General Ledger companies to the designated consolidation company when you close a period.

A consolidation company is also called a To company because it is the company to which the translated balances are consolidated. The original company or companies are also called From or Translation companies.