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Consolidation is a process of inserting the General Ledger details of Subsidiary Company/Companies into the General Ledger Account details of the Parent Company.
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- Setup Multi-Company. Make sure that there is a Parent Company and at least one Subsidiary company setup in parent company. For more information on multi-company setup, refer to: How to Setup Multi-Company.
- Close the consolidating period in General Ledger's Fiscal year of both Parent and Subsidiary company. For more information on closing fiscal period. refer to: How To Close Fiscal Year Periods.
- Log in as admin Administrator using parent companyParent Company.
- On the user's menu panel, Open General Ledger then select Consolidate.
- On the consolidation date, Select the period to consolidate.
- Click consolidate button.
- Once the consolidation has completed, GL accounts detail of all subsidiary company will be inserted in Parent Company within consolidation date.
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Consolidation can only be done if:
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Overview
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