Domestic Consolidation overview

A Sage Intacct multi-entity shared company that is wholly owned where all entities use one base currency can benefit from using Domestic Consolidation for consolidated reporting.

Domestic Consolidation example

An example of a company that would benefit from Domestic Consolidation is one with business entities all located in the same region, such as a small local chain of inns located in Canada. Each inn is represented by its own entity and all the entities operate in the same base currency of the Canadian dollar.

Domestic Consolidation features

Sage Intacct Domestic Consolidation includes the following features:

• 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.

Upgrade to Global Consolidation

If your business needs change and you add an entity that uses a different base currency, you can upgrade from Domestic Consolidation to Global Consolidation by enabling multiple base currencies. Intacct automatically selects the Global Consolidation subscription after you enable multiple base currencies. You can continue using the same consolidation books with additional configurations, or you can create new consolidation books. Upgrading to Global Consolidation substantially expands the feature set of your Consolidation subscription and thus incurs an additional cost.

For subscription information

Contact your Sage Intacct account representative.