Enhanced interface
Enable Domestic Consolidation
Domestic Consolidation includes the following features for Intacct companies that operate in a single base currency:
- Reporting periods with formalized, audit-ready elimination entries for local compliance with traceability standards.
- Inter-entity setup with accurate auto-elimination for inter-entity transactions.
- Accurate and transparent management and accounting standards compliance reporting, giving a big-picture view of your organization's consolidated financial health.
- Drill down into consolidation journals for audit traceability and reporting transparency to understand your consolidated numbers at-a-glance.
Permissions and other requirements
| Subscription | General Ledger, Consolidation |
|---|---|
| User type | Business, Admin |
| Permissions | List, View, Add, Edit, Delete, Run consolidations |
- Ensure that your company has a single base currency, meaning that Enable multiple base currencies has never been enabled in your company.
- Go to Company > Admin > Subscriptions.
- Select Consolidation.
- Toggle on Domestic Consolidation to enable Domestic Consolidation.
Next, set up a consolidation book.
