Transfer Balances

Description of process

 The Transfer Balances process involves using actual and budget/forecast balances for group consolidation purposes.

 The basic data that should be entered in order to carry out this process are described in BDR for Group Consolidation.

Each reporting entity can have its balances transferred via the Balance Transfer process. Balances are transferred via the Balance Transfer Assistant. If the balance transfer results in an error, the reason for the error can be investigated by checking the balance transfer log. A journal is automatically created for the balance transfer. This journal can be analyzed in the Journals Analysis window. Once the balances are transferred, you can enter adjustment journals in the Adjustment Journal Entry window in order to make any required changes. Finally you can verify the balance transfer and/or adjustments made by setting the reporting entity's status to Confirmed.