Create Consolidation Budget - Parent Company

Explanation

Use this activity to start the consolidation of budget values. When the budget consolidation information exists in the subsidiary, it can be consolidated in the parent company.

Prerequisites

Before you can create a consolidation budget, the following must have been completed:

• The subsidiary must have consolidated the budget values. In the Parent Consolidations window, the Balance Transferred check box should be selected for the subsidiary if the consolidation information is saved in the same database.
• The budget version must be active in the parent company to which you want to consolidate. Select Budget Versions to verify this.

System Effects

As a result of this activity the Budget Consolidated check box will be selected and the Parent Budget Version field will get the parent company budget version to which the subsidiary budget was consolidated. The transfer can be reversed via the Rollback Budget Consolidation option.

Window

Parent Consolidations

Related Window Descriptions

Start Budget Consolidation

Procedure

Use the following procedure to start the budget consolidation in the parent company:

1. Open the Parent Consolidations window.
2. Select a row.
3. Right-click and then click Start Budget Consolidation.
4. Enter the information for the subsidiary and the parent company. Note: If the subsidiary company and parent company maintain accounts in different currencies then enter the currency type. Currency rate can be entered using the following methods:  
   Enter one rate for balance-sheet accounts and one rate for profit and loss accounts.
   Enter one currency rate type to be used for all accounts.
5. Confirm the information. A message is shown when consolidation is complete.