Select and enable a Consolidation subscription

When you enable multiple base currencies in your company, Intacct adds a fee for a Consolidation subscription that uses multiple base currencies. You can select either Global Consolidation or Advanced Ownership Consolidation as your Intacct Consolidation solution. Advanced Ownership Consolidation includes all the features of Global Consolidation, plus support for multi-level consolidations with partial ownership and non-controlling interest. Contact your account manager for more information.

Using multiple base currencies is predicated upon enabling multiple transaction currencies. The option of using multiple transaction currencies is separate from multiple base currencies. Learn more about enabling multiple transaction currencies in your Intacct company.

Sage Intacct offers the following consolidation options: Domestic, Global, and Advanced Ownership Consolidation. Each consolidation subscription enables you to consolidate books in a multi-entity shared company. You can select a relevant consolidation subscription based on your business needs.

Choose the right Consolidation subscription for you

  • Wholly-owned single base currency: A multi-entity shared company with full ownership that operates in one base currency is a good candidate for Domestic Consolidation. Base currency is also known as the operating or reporting currency for an entity.
  • Wholly-owned multi-base currency: A multi-entity shared company with full ownership that uses multiple base currencies is a good candidate for the Global Consolidation subscription.
  • Tiered structure or partial ownership: A multi-entity shared company with a tiered structure of entities where one entity owns another, or includes partially owned entities is a good candidate for Advanced Ownership Consolidation.
Subscription

Consolidation, with one of the following Consolidation subscriptions depending on company architecture and business needs:

  • Domestic Consolidation
  • Global Consolidation
  • Advanced Ownership Consolidation
Regional availability

All regions

User type

Business user with admin privileges

Enable Domestic Consolidation

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.

  1. Go to Company > Admin > Subscriptions.

  2. On the Subscriptions page, select Configure next to Multi-Entity Management.
  3. Under Multiple base currencies, ensure that Enable multiple base currencies is cleared.
  4. Return to the Subscriptions page by selecting Cancel. If your company has multiple base currencies enabled and your company has transactions, then you must select a different Consolidation subscription.
  5. On the Subscriptions page, toggle on Consolidation.
  6. Select Configure next to Consolidation. Alternatively, go to Consolidation > Setup > Configuration.

    The Configure Consolidation page is shown.

  7. Review the Entity-level base currency section on the page to ensure your Intacct company has only one base currency.
  8. Under the Consolidation subscriptions section, select Domestic Consolidation.

Enable Global Consolidation

Global Consolidation provides consolidated reporting for multi-entity companies with two or more base currencies used across entities. A company that would benefit from Global Consolidation is one with business entities located in different regions.

  1. Enable transactions in multiple currencies:

    1. Go to General Ledger > Setup > Configuration.

    2. Select Multi-currency subscription.

  2. Go to Company > Admin > Subscriptions.

    The Subscriptions page is shown.

  3. On the Subscriptions page, select Configure next to Multi-Entity Management.
  4. Under Multiple base currencies, ensure that Enable multiple base currencies is selected.

    If you just selected Enable multiple base currencies, select Save.

  5. Go to Company > Admin > Subscriptions.

  6. On the Subscriptions page, toggle on Consolidation.
  7. Select Configure next to Consolidation. Alternatively, go to Consolidation > Setup > Configuration.

    The Configure Consolidation page is shown.

  8. Review the Entity-level base currency section on the page to ensure your Intacct company has multiple base currencies enabled.
  9. Under the Consolidation subscriptions section, select Global Consolidation.

Enable Advanced Ownership Consolidation

Advanced Ownership Consolidation uses ownership structures to enable multi-level consolidations and automated non-controlling interest entries in a multi-entity company.

Companies with any of the following structures would benefit from subscribing to Advanced Ownership Consolidation:

  • Flat structures with 1 hierarchical level.
  • Complex structures with multiple hierarchical levels
  • Wholly owned entities and partially owned entities in the same structure
  1. Enable transactions in multiple currencies:

    1. Go to General Ledger > Setup > Configuration.

    2. Select Multi-currency subscription.

  2. Go to Company > Admin > Subscriptions.

    The Subscriptions page is shown.

  3. On the Subscriptions page, select Configure next to Multi-Entity Management.
  4. Under Multiple base currencies, ensure that Enable multiple base currencies is selected.

    If you just selected Enable multiple base currencies, select Save.

  5. Go to Company > Admin > Subscriptions.

  6. On the Subscriptions page, toggle on Consolidation.
  7. Select Configure next to Consolidation. Alternatively, go to Consolidation > Setup > Configuration.

    The Configure Consolidation page is shown.

  8. Review the Entity-level base currency section on the page to ensure your Intacct company has multiple base currencies enabled.
  9. Under the Consolidation subscriptions section, select Advanced Ownership Consolidation.