Checklist: Setting Up Consolidations

You must set up consolidation groups on the Consolidated Reporting Setup form before you can run the consolidation process and print consolidated reports. For each consolidation group, you must select the companies to be included and decide if any accounts are to be eliminated during the process.

See the Organization Configuration help for information about the tasks that you complete before you specify Multicurrency-related information.

If you use the Multicurrency feature, you also need to complete the following general steps.

Step	Description
1.	Select a reporting currency for the consolidation group.
2.	Establish the translation methods to be used for determining exchange rates for companies with a functional currency that is different than the consolidation group’s reporting currency.
3.	Select the gains and losses account to which translation gains and losses will be posted.
4.	Establish currency exchange rates.