Company Maintenance

If the company is a consolidation company, select the Consolidation company option on the Main tab. This option becomes read only when you set up a consolidation company with at least one subsidiary company using a consolidation code.

Modules in Use Tab

A consolidation company can only have these modules enabled, as it acts only as a receptacle for subsidiary companies' balances:

General Ledger
General Ledger Inter-Company Accounting
Transaction Analysis (General Ledger)
Foreign Currency

Consolidations Tab

This form is enabled if the Consolidations module is in use.

Options Reference

Each option and field on the form is described below. Mandatory options and fields are highlighted in red.

Acquisition date

For subsidiary companies, this is the date from which consolidation of accounts can begin. When setting up a new non-consolidation company, this defaults to current date. For an existing company, this is empty but must be set up before the first consolidation run.

Disposal date

You cannot prepare consolidations if the period end date is later than the disposal date.

Opening balance date

For subsidiary companies only, this date is mandatory. It is used by the Prepare Consolidation form to prepare the opening balance accounts, so that balances prior to this date are consolidated as the opening balances into the consolidation company. The default value is the start date of the current period.

If the selected company is a consolidated company, dates must be set up as:

Start date - This date is mandatory. For consolidation companies, this is the date from which consolidation of accounts can begin. It is used by the consolidation process to prevent a run from being generated if any periods selected for the run precede this date. For an existing company, this is empty but must be set up before your first consolidation run. A consolidation cannot be generated if the period end date is before the company's start date.
Completion date - For consolidation companies, this is the date from which consolidation of accounts can begin. It is used by the consolidation process to prevent a run from being generated if the period end date exceeds this date.
Opening balance date - For consolidation companies which are also subsidiary companies, this date is mandatory. The Prepare Consolidation form uses it to prepare the opening balance accounts, so that balances before this date are consolidated as the opening balances into the consolidation company.