Consolidation

Explanation

This activity is used to carry out consolidation based on selected consolidation parameters for a selected node.

In order to perform this activity:

The consolidation structure for which the consolidation is to be performed should be open for the required period and balance version.
The current user should have security access to consolidate the balances for the required combination of structure, structure node and balance version.
If alternative balance version is used for consolidation, the current user should have security access for the required combination of structure, structure node, alternative balance version and the connected master balance version.

As a result of this activity:

To run the consolidation:

Open the Consolidation Status window and search for the required structure, balance version and period of consolidation. (Note: Search for the parameter combination of consolidation structure ID, balance version, period of consolidation and parallel consolidation structure ID in order to perform parallel consolidation process)
Right-click on the node for which the consolidation should be carried out, and click Consolidate Balances to open the Consolidate Balances dialog box.
Select the Awaiting Approval check box to include journals with the Awaiting Approval status in the balance consolidation.
Select the In Progress check box to include journals with the In Progress status in the balance consolidation.
Select the Calculate Group Currency Balances check box to recalculate consolidated balances and parallel consolidated balances in group currency.
Select the Calculate Period Balances check box to calculate period balances for consolidated balances.
Double click on the Notes check box if you want to enter notes for the consolidation.
Click OK.