Defining a Consolidation Company for Reporting

You can transfer balances from more than one general ledger company to a designated consolidation company to consolidate financial information for an organization. This procedure describes the process for defining a consolidation company.

The source companies that will transfer balances to the consolidation company must be flagged for currency translation on Company (GL10.1). This makes the balances available for transfer. Assign the same chart of accounts and define the same number of levels for the consolidation company and each source company. Defining a company

To define a consolidation company

  1. Run Company Copy Delete (GL110) to copy an existing company and create a new company to use for consolidation purposes only.
  2. On Company (GL10.1) change the status of the new consolidation company to Consolidate.
  3. If you need to preserve manual entries for the consolidation company, define a separate general ledger company for the manual entries.

Related Reports and Inquiries

To Run
List companies Company Listing (GL210)
List company groups Company Group Listing (GL211)
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