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Consolidation

You can use General Ledger's consolidation features to combine the financial results of multiple companies, even if their sets of books use different currencies, accounting calendars, and charts of accounts. General Ledger supports consolidating average balances using either the transactions or balances consolidation methods.

Standard and average balances can be consolidated at the same or different levels of detail. For example, you might want to consolidate standard balances at the detail level, but average balances at a summarized level.

If you consolidate standard and average balances at the same level of detail, you can apply the same consolidation mapping rules to both. If you consolidate at different levels of detail, you must define appropriate consolidation mapping rules for each.

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