Consolidation

After consolidation, you can analyze the financial results of your holding and of all subsidiaries included in the consolidation. Use the Consolidate option to post the ledger balances of the results of the subsidiaries and the underlying holdings to the consolidation holding. This is the holding that is at the top of the structure of the selected consolidation type.

Before starting the consolidation, check whether the following conditions are true:

Consolidation can take place only if all conditions are fulfilled. The message displayed if the consolidation has failed describes how you can solve the problem.

During consolidation, the ledger balances of the subsidiaries are posted to the Consolidation day book of the consolidation holding. A day book page is created for every subsidiary and for every period. Use the Consolidate to company field to specify the subsidiaries of which the balances are to be retrieved. Use the Consolidate from period/fiscal year and Consolidate to period/fiscal year fields to specify the relevant periods.

A day book line is created for each ledger account. If in the Consolidation detail field you specified that you also want to see the amounts per cost center and cost category, then also individual day book lines will be created for each cost center and cost category. If the total of all day book lines does not equal 0, a closing line is created in the Consolidation day book to post the rounding difference.

The ledger balances of the subsidiaries are multiplied by the participation percentage defined in the consolidation structure, and the balances are displayed in the company currency of the consolidation holding.

Specify the companies to be included in the consolidation. Specify the last level in the structure from which the ledger balances or the results of the subsidiaries must be included in the consolidation holding (starting from the bottom). Do not include any holdings high up in the structure for which no transactions have taken place, such as real estate holdings.

Specify the open periods and the fiscal year the consolidation is to include.

Select the detail level of the Consolidation day book. If you choose Account/cost center/cost category, then individual lines will be created in the Consolidation day book for every ledger account, cost center and cost category during consolidation.