Create Balance Consolidation Information - Subsidiary

Explanation

The balance consolidation routine starts in the subsidiary where consolidation information is created for a specified period. If information about the subsidiary company and parent company is not located in the same database, the information is saved in a file to be transferred to another database.

Prerequisites

Before creating balance consolidation information for the subsidiary, the following must have been completed:

• The consolidation links between the subsidiary company and the parent company must be specified.
• The appropriate accounting period in the subsidiary must be closed for all user groups.

System Effects

As a result of the creation of the consolidation information, you can view information on the general ledger consolidation on a line with a unique identity in the Transfer ID field in Parent Consolidations and Subsidiary Consolidations windows. The Balance Transferred check box is selected. You can select the line and then select the Details operation to see what is included in the consolidation. Also the Balance Consolidated field in the subsidiary’s period calendar automatically changes to 'Yes'.

After the consolidation is performed in the subsidiary, it can be retrieved by the parent company.

Window

Subsidiary Consolidations

Related Window Descriptions

Start Subsidiary Balance Consolidation

Procedure

Use the following procedure to start the balance consolidation in the subsidiary:

1. Change to the subsidiary.
2. Open the Subsidiary Consolidations window .
3. Select the Start Subsidiary Balance Consolidation operation. The parent company’s ID is shown in the Parent Company field, and Table is checked.
4. Enter Accounting Year and Accounting Period.
5. Mark File if the consolidation is to be stored in a file for transfer to another database. In this case, the file name is displayed automatically.
6. If consolidation is to include statistical accounts and quantity accounts, select the boxes Include Statistical and Quantities.
7. Confirm the information. When consolidation is complete, a confirmation message appears. An error message appears if there are any errors in connection with the validation of code strings. You can then access the error log to view the errors.