How do I make a consolidation?

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The following is a description of the minimum required tasks to make a consolidation. It is described as the on-line consolidation.

1. Create a special consolidation company

You may use a virtual company, for some basic data like currencies, Chart of accounts etc., but it is not necessary.

In the consolidation company you need to specify the following:

A: That it is a consolidation company. Mark the company as a consolidation company under General Ledger/Ledger/Setup/Parameters.

B: Relevant currencies and exchange rates. Define the currencies you need under General Ledger/Ledger/Currency/Exchange rates.

C: Define the company's standard currency under General/Company information.

Now the company is ready

2. Specify what to consolidate

Go to General Ledger/Ledger/Periodic/Consolidate/Consolidation On-line.

Specify what accounts (interval), and period to consolidate. Specify that you want the current transactions to be consolidated.

On the Companies tab page, specify what companies to consolidate, and how large a share of their transactions to be used in the consolidated company. The share is typically the percentage of the shares you own of that company.

3. Run the consolidation

Run the consolidation by clicking the OK button. All transactions from the companies are transferred to the consolidated company, and the Chart of accounts is created from the companies Chart of accounts.

4. Use the financial statement to print reports the usual way.