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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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  1. 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.
  2. 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.
  3. Log in as admin Administrator using parent companyParent Company.
  4. On the user's menu panel, Open General Ledger then select Consolidate.
  5. On the consolidation date, Select the period to consolidate.
  6. Click consolidate button.
  7. Once the consolidation has completed, GL accounts detail of all subsidiary company will be inserted in Parent Company within consolidation date.
Note

Consolidation can only be done if:

  • Consolidation was done using parent company.
  • GL chart of accounts both Parents and Subsidiary are the same.
  • Consolidation period of both Parent and Subsidiary company are closed.
  • No unposted transaction in consolidation period.
  • Parent and Subsidiary company have balanced GL details.