Global Finance Form - GL Account Maintenance

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If the Consolidations module is in use, you can access a Global Finance form on the GL Account Maintenance form.

Main

The settings for Consolidate at on the general ledger account only apply when the setting for consolidation level on the Consolidation Code is set to a general ledger account.

The first consolidation run must always be at summary level. If transaction level is required for the first run then a dummy consolidation run must be performed in the previous period (even if no transactions are consolidated).

Summary level

If you select this option, the consolidation will occur at a period summary level.

Transaction level

If you select this option, the consolidation will occur at a transaction level each transaction will be available).

Elimination

Elimination is the term used for eliminating the entries that both parent and subsidiary companies need to cancel as they are either inter-company transactions, or should not be in the consolidated accounts under accounting rules. Examples are inter-company loans and inter-company investments between the parent and subsidiary.

Select this option if this general ledger account is an elimination account.

Eliminated company

If this is an elimination account, then you must select the company with which this general ledger account is to be eliminated.

Consolidation

This form displays the consolidation mappings the general ledger account belongs to.

Apply

Click this button to display the consolidation mapping details for the selected account. The Consolidation form table displays the consolidation code, company name, and account from which this account consolidates.

This is applicable only if the current company is a parent company. The Consolidation to table displays the consolidation code, company name, and account to which this account consolidates if the current company is a subsidiary company.

• GL Account Elimination

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