How to Consolidate Companies

Consolidation is a process of inserting the General Ledger details of  Subsidiary Company/Companies into the General Ledger details of the Parent Company.

Here are the steps on how to consolidate:

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 using parent 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.