Consolidations

With Consolidations, Oracle users can employ multiple databases to create a transfer of summary balances and send those balances to the consolidation ledger for financial and project reporting.

You can run the consolidation function on a separate (host) database that contains only consolidation entries, or you can run it in conjunction with a live Costpoint system.

After you run the consolidation, you can create elimination entries or make any other necessary adjustments. Consolidation entries are posted as journal entries in the General Ledger. After you make adjustments, you can run a consolidated trial balance report and other financial reports.