Global Finance Form

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

Options Reference

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

Main

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

Note: 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 occurs at a period summary level.

Transaction level

If you select this option, the consolidation occurs at a transaction level. Each transaction is available.

Elimination

Elimination refers to 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, 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.