This chapter contains these topics:
Section 36.1, "Generating and Processing Batch Journal Entries"
Section 36.2, "Running Integrity Reports at the Target Company"
After you receive the multi-site consolidations at the target company, run integrity reports to ensure the data you received is accurate. Then, you can generate journal entries for the summarized account balances, verify that they are accurate, and process them.
Working with journal entries for multi-site consolidations consists of:
Running integrity reports at the target company
Generating multi-site batch journal entries
Reviewing multi-site batch journal entries
Revising multi-site batch journal entries
Processing multi-site batch journal entries
Purging processed multi-site journal entries
Creating multi-site journal entries for eliminations
From Financial Reports (G10), choose Multi-Site Consolidations
From Multi-Site Consolidations (G1021), choose Integrity Reports
Although integrity reports were run before the consolidation information was sent to the target company, it is important to run them again to ensure that the data is accurate.
Run the following integrity reports to verify multi-site consolidation information:
Prior Period Balance Checking Report
Create UDC Control File Report
UDC Value Control Report
Create Object/Subsidiary Control File Report
Object/Subsidiary Value Control Report
Business Units/Accounts Last Period Not This Report
Business Units/Accounts This Period Not Last Report
Multi-Site Simple Balance Sheet
Multi-Site Simple Income Statement
Please refer to the Running Integrity Reports chapter in this section to see examples of each of these reports.
From Financial Reports (G10), choose Multi-Site Consolidations
From Multi-Site Consolidations (G1021), choose Journalize Consol. Balances
At the target company, you can create journal entries for the summarized account balances received from the source company. The Journalize Consolidated Balances program (P10480) creates journal entries that are based on the difference from one consolidation batch to another.
For example:
| Consolidation Batch | Date | Consolidated Balance | Journal Entry Amount |
|---|---|---|---|
| #1 | January 1, 2005 | 115,000.00 | 115,000.00 |
| #2 | February 1, 2005 | 116,450.00 | 1,450.00 |
When you run this batch program, the system reads the Multi-Site Transfer (F1001, F1002, and F1003) tables and creates journal entries in the Journal Entry Transactions Batch (F0911Z1) table.
You can run this batch program in proof or final mode. In proof mode, the system prints a report of the journal entries but does not update the Journal Entry Transactions Batch table.
In final mode, the system creates the journal entries in the Journal Entry Transactions Batch table. The system prints a report of the journal entries if you set the corresponding processing option.