Manage Consolidation Transfer History

Use this screen to manage consolidation transfer history, which summarizes by receiving location, fiscal year, and consolidation account/ organization of previous amounts transferred. Costpoint updates the transfer history each time you create a consolidation entry. The consolidation account/organization that you initialize is the account/ organization into which the costs are transferred. This is the same set of account/organizations stored in the Consolidation Mapping table (CONS_MAP_WILDCARD).

If you change the consolidation mapping, you must update the consolidation transfer history to reflect the changes. The consolidation creation process is always an adjustment between costs incurred and previous amounts transferred. Costpoint translates or converts costs incurred into these account/organizations and adds them to this history when the comparison is performed. This allows for prior period adjustments to be made and captured in the next transfer. Costpoint updates this table when you execute the Create Consolidation Entries function.

For mid-year conversions, you should execute this screen before the Create Consolidation Entries screen. Because the amounts from this screen are subtracted from the calculated General Ledger amounts to arrive at the consolidation entry, adjustments should not be needed unless a replacement entry is desired. You do not need to make adjustments in this screen when moving to a new fiscal year because the Create Consolidation Entries screen creates the initial record for that year.