Defining the Group Consolidation

Once the InterCompany module has been installed, set up the group consolidation.

In the InterCompany module, go to Setup > Group Consolidation:

Enter the details as follows:

Field	Description
Group Name	Enter the name of the Group Consolidation Entity.
Level of Detail	Select the level of detail to import GL transactions into the Group Consolidation Entity. Three levels are available: All Details - Individual GL Transactions from source companies will be loaded into the Group Consolidation Entity Summarised by period and branch - GL Transactions from the source companies will be subtotalled by Period, Branch, Account and Sub-Account. Summarised by period - GL Transactions from the source companies will be subtotalled by Period, Account and Sub-Account.
Progress step
P/L FOREX a/c	On loading the GL balances/transactions of a foreign subsidiary company, the P&L is converted at average rate and B/S at closing rate. This may give rise to a difference, which will be posted to this account.
P/L Mapping Errors	Specify an account on the Group Consolidation Entity that will be used to hold P/L balance/transactions from source companies that were unsuccessfully mapped to a GL account in the Group Consolidation Entity.
B/S Mapping Errors	Specify an account on the Group Consolidation Entity that will be used to hold B/S balance/transactions from source companies that were unsuccessfully mapped to a GL account in the Group Consolidation Entity.