Overview of Consolidation Methods

Select the best consolidation solution for your enterprise.

• Reporting Only Consolidations: If your subsidiaries and corporate ledger share the same chart of accounts and calendar. With reporting only consolidation, the subsidiary and corporate financial data remains in their own ledgers.

• Balance Transfer Consolidations: If your subsidiaries and corporate ledger have either or both different charts of accounts and different calendars. With balance transfer consolidation, subsidiary financial data is transferred to the corporate ledger at the end of each accounting period. Consolidated results are then reported from that corporate ledger.

• Financial Management Consolidations: If there are complex factors in your financial consolidation requirements such as:

  • Complex company structures such as joint ventures, minority interest holdings, partially or fully owned subsidiaries.

  • Multiple heterogeneous systems including data sources that aren't general ledger that are required to support nonfinancial or industry-specific metrics, disclosures, and footnote schedules.