Consolidation Rule Info

Account to be consolidated and the parent consolidation account are recorded using the New option of the consolidation rules list. The rule definition information is as follows.

Code: The definition code of the consolidation rule. The Code field is mandatory

Description: The name or the description of the consolidation rule.

Consolidation Account: Indicates the consolidation G/L account to which the rule will be applied and information of the accounts specified on the lower fields of the definition will be transferred. The consolidation main (second or third) chart of accounts is accessed by clicking the “…” icon, and the related account is selected.

Consolidation Organizational Unit: Indicates the organizational unit to which the consolidation rules will be applied. Unit definitions are listed by clicking the “...” icon, and the related unit is selected.

Company Number: The company number of the account to be consolidated.

Company Name: The company number of the account to be consolidated.

Account Plan: Indicates the chart of account of the account to be consolidated. The arrow icon is clicked and the related chart of accounts is selected. Consolidation transactions can use an account within the main, second or third chart of accounts, or a consolidated account. If consolidated accounts are used, the consolidation chart of accounts options apply.

Account Code: The code of the account to be consolidated. Accounts within the chart of accounts selected on the Chart of Accounts field are listed by clicking the “...” icon, and the related account is selected.

Organizational Unit: Indicates the organizational unit of the account. Organizational units are listed by clicking the “...” icon, and the related unit is selected.

Exception Accounts: Used to specify the accounts to be excluded from consolidation if the account to be consolidated has sub-accounts. The accounts to be eliminated are checked and selected.

Information about each account to be consolidated is entered on a separate sign by pressing the Insert key. The consolidation rule is recorded by clicking the “Save” button.

Consolidation is performed using the Update Consolidation Data option located in the General Ledger > Operations menu. Data is consolidated to the account specified in the rule definition by processing the company and chart of accounts specified on the transaction filter lines.