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, complete the following steps:
- From the Vision Navigation menu, click .
- On the Consolidated Reporting Setup form, click New and then click New Reporting Group.
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Complete the following items on the General tab:
- In the Group field, enter an identifier for the consolidation group.
- 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.
- In the grid, insert at least one company.
- Complete the remaining fields on the General tab.
- Complete the fields on the Eliminations tab.
- If you use the Multicurrency feature, select currency translation methods on the Translations tab.
- Click Save.