Enhanced interface

Configure Consolidation

Use the Configure Consolidation page to configure a parent company for those special items it must have to act in the consolidating role. Examples of special items include the top-level location for the consolidated data and accounts that back out amounts that represent the percentage of any subsidiaries in which your ownership isn't 100%.

Only parent consolidating companies need to fill out the Configure Consolidation page.

Configure Consolidation

Subscription	Administration
Regional availability	All regions
User type	Business user with admin privileges
Permissions	Application subscriptions: List, View, and Configure

Go to Company > Admin > Subscriptions.
Next to Consolidation, select Configure.

The Configure Consolidation page displays.
Change settings where needed. See the field table below for the function of each option.
Select Save.
To see this application on your application menu bar, select your browser's Refresh button, or log out and then log back in.

Field descriptions

The following tables describe each field in the Consolidation setup page:

Minority interest GL accounts

Field	Description
Interest liability	Choose the appropriate accounts to which you want minority interest amounts to be assigned. The minority ownership default for all periods is set through Activities: Link Subsidiaries > Subsidiary Links list > Subsidiary Information. If you need to change the amount of minority ownership one or more specific periods, change it in the Percentage ownership (Parent > Consolidation > Subsidiary periods > [Continue] > Subsidiary period mappings > [Edit] > Consolidation period editor).
Income or expense	The income or expense account for the minority interest GL.

Field

Description

Interest liability

Choose the appropriate accounts to which you want minority interest amounts to be assigned.

The minority ownership default for all periods is set through Activities: Link Subsidiaries > Subsidiary Links list > Subsidiary Information. If you need to change the amount of minority ownership one or more specific periods, change it in the Percentage ownership (Parent > Consolidation > Subsidiary periods > [Continue] > Subsidiary period mappings > [Edit] > Consolidation period editor).

Income or expense

The income or expense account for the minority interest GL.

Notifications

Field	Description
Email address	Large consolidation processes require a few minutes. Upon completion of a successful consolidation, an email is sent to this address. However, if you forget to perform a mapping before running a consolidation (for example, unbeknownst to you someone added an account and posted a transaction to it, and you did not map this account), you will receive an email notifying you that the consolidation could not be performed on the account. In addition, if an error occurs during a mapping process, a notification is also sent to this address.

Field

Description

Email address

Large consolidation processes require a few minutes. Upon completion of a successful consolidation, an email is sent to this address. However, if you forget to perform a mapping before running a consolidation (for example, unbeknownst to you someone added an account and posted a transaction to it, and you did not map this account), you will receive an email notifying you that the consolidation could not be performed on the account. In addition, if an error occurs during a mapping process, a notification is also sent to this address.

Consolidating location

Field	Description
Location ID	This is the location to which the consolidated financial data is assigned. It becomes your "view" of the consolidation data. This is a top level with a view into all the subsidiaries, as well as special transactions that only occur at the top, or consolidating level, such as eliminations and adjustments for acquisitions. Select the dropdown list to select a location for the consolidated data. If one does not already exist, select Add and create one.

Field

Description

Location ID

This is the location to which the consolidated financial data is assigned. It becomes your "view" of the consolidation data. This is a top level with a view into all the subsidiaries, as well as special transactions that only occur at the top, or consolidating level, such as eliminations and adjustments for acquisitions.

Select the dropdown list to select a location for the consolidated data. If one does not already exist, select Add and create one.