Entering Basic Information for Consolidated Companies

To consolidate several companies' figures in a consolidated company, you must first enter information about the business units (companies) to be included and about the degree to which their figures will be included. You can use any number of business units in a consolidation.

To Enter Basic Information for Consolidated Companies:

1. On the menu bar, click File, Company, Open and select the consolidated company.

2. Click OK.

3. Open the Business Unit Card window.

4. Press F3 to enter a new business unit.

5. For each business unit, fill in a card. You must fill in the Code, Company Name, Consolidate, and Consolidation % fields. For Help about a specific field, click the field and press F1.

6. If the business unit's financial statements are in a different currency than those of the consolidated company, the following fields are mandatory: Currency Code, Exch. Rate Gains Acc., Exch. Rate Loss Acc. and Residual Account. For Help about a specific field, click the field and press F1.

7. Fill in the Starting Date and Ending Date fields if the business unit's fiscal year differs from that of the consolidated company.

8. After entering this information for all the business units to be consolidated, close the window.

If your business unit uses a foreign currency, you must specify the exchange rate to be used in the consolidation. You must also enter consolidation information on the business unit's G/L accounts.

Related Topics

Processing Consolidations

Consolidating from Databases

Consolidating from Files

Testing Databases before Consolidating

Testing Files before Consolidating

Exporting Business Unit Information from Databases in the Program

• Перевести на английский