Set Up a Consolidation Group

Use the Consolidated Reporting Setup Form to establish groups of companies for which you want to generate consolidated financial statements.

To set up a consolidation group:

1. On the Navigation menu in the desktop, click Settings > Organization > Consolidated Reporting.
2. On the Consolidated Reporting Setup form, click New and then click New Reporting Group.
3. Complete the following items on the General tab:
   1. In the Group field, enter an identifier for the consolidation group.
   2. In the Gains and Losses Account field, enter or select an account to use for gains and losses due to rate translations when a company in the consolidation group has a functional currency that is different from the reporting currency selected in the Currency field.
   3. In the grid, insert at least one company.
4. Complete the remaining fields on the General tab.
5. Complete the fields on the Eliminations tab.
6. If you use multiple currencies, select currency translation methods on the Translations tab.
7. Click Save.