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| # | Steps | ||||||||
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| 1 | Specify exchange rates for consolidations Only process if a business unit uses a different currency than the consolidated company, exchange rate methods for each account must specify before consolidate (1) Go to business unit card, then select Related=> Exchange Rates => Select Average Rate
(2) On the Change Exchange Rate page, modify the Relational Exch. Rate then Close the page. (3) Choose the Closing Rate action. (4) Modify the Relational Exch. Rate then Close the Page Description of Exch. Rage Option
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| 2 | Test Consolidations On the business unit page, select Actions => Functions => Test Database...
Review the G/L Account mapping and resolve the Error if any. | ||||||||
| 3 | Run Consolidation On the business unit page, select Actions => Functions => Run Consolidation...
Enter the Consolidation Period and Document No. then click OK
After consolidated, Consolidation Trail Balance report page to be prompt Enter start date and end date then click Preview
Sample Consolidated Trial balance
Remarks: The Consolidated Trial Balance Report can be run by select Related => Reports => Trial Balance
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4. Eliminate repeated transactions
Processing consolidation eliminations is a manual process.
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