The balance consolidation routine starts in the subsidiary where consolidation information is created for a specified period. If information about the subsidiary company and parent company is not located in the same database, the information is saved in a file to be transferred to another database.
Before creating balance consolidation information for the subsidiary, the following must have been completed:
As a result of the creation of the consolidation information, you can view information on the general ledger consolidation on a line with a unique identity in the Transfer ID field in Parent Consolidations and Subsidiary Consolidations windows. The Balance Transferred check box is selected. You can select the line and then select the Details operation to see what is included in the consolidation. Also the Balance Consolidated field in the subsidiarys period calendar automatically changes to 'Yes'.
After the consolidation is performed in the subsidiary, it can be retrieved by the parent company.
Start Subsidiary Balance Consolidation
Use the following procedure to start the balance consolidation in the subsidiary: