Consolidation
We tidied up your Consolidation subscriptions
Release 4 2023 brings you an expanded, feature-rich Consolidation subscription called Advanced Ownership Consolidation. To enhance your user experience, we cleaned up the names of our other Consolidation subscriptions for clarity and ease of use.
Following are the newly named Consolidation subscriptions:
- The menu name for the Consolidation functionality is now called, simply, Consolidation.
- Domestic Consolidations is now called Domestic Consolidation.
- Global Consolidations is now known as Global Consolidation.
- Advanced Ownership Consolidation is our newest Consolidation subscription that features support for multi-level consolidation and partial ownership.
Shiny new Configure Consolidation page
A new configuration page enables administrators to choose the right Consolidation subscription for the business needs of their Intacct company.
The Subscriptions page (Company > Admin > Subscriptions) shows the newly renamed Sage Intacct Consolidation subscription with a Configure link that takes the admin to the Configure Consolidation page.
Details
Administrators can select the Configure link next to the Consolidation subscription to either upgrade to Advanced Ownership Consolidation or select another Consolidation subscription for the Intacct company. Upgrading to the new Advanced Ownership Consolidation subscription will incur a fee.
Administrators can choose from among the following Consolidation subscriptions:
- Domestic Consolidation: Domestic Consolidation includes multi-entity consolidations in a single currency, inter-entity eliminations, reporting, and analytics. For companies with one base currency.
- Global Consolidation: Global Consolidation includes multi-entity consolidations in multiple currencies, currency translations, inter-entity eliminations, reporting, and analytics. For companies with more than one base currency.
- Advanced Ownership Consolidation: Advanced Ownership Consolidation includes all the functionality of Global Consolidation plus ownership structures that enable multi-level consolidations and automated non-controlling interest entries in a multi-entity shared company. Hierarchical entity relationships and percentage ownership of entities are defined by the ownership structures that maintain historical data by period. For companies with more than one base currency.
Upgrading from Domestic Consolidation to Global Consolidation will incur a fee.
Requirements
| Subscription |
Company Consolidation Domestic Consolidation, Global Consolidation, or Advanced Ownership Consolidation |
|---|---|
| Regional availability |
All regions |
| User type | Business user with admin privileges |
| Configuration |
Enable multiple base currencies before subscribing to Global Consolidation or Advanced Ownership Consolidation (Company > Admin > Subscriptions > Multi-Entity Management > Configure). |
| Implementation |
Global Consolidation and Advanced Ownership Consolidation require:
|
