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consolidation in GL
what are the pre requisites you have to before going to run the consolidation in GL?


  
Total Answers and Comments: 2 Last Update: May 20, 2009     Asked by: arameshofc 
  
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 Best Rated Answer
Submitted by: mirunalinimiru
 
Consolidation ogl allows you to consolidate between different chart of accounts . we can define map transfer and combine consolidation data.

1. create primary/reporting sob
2. Create subsidary/parent
3. define mapping & mappingset
4.open the period in reporting SOB
5.Run the data transfer
6.Query the data from reporting SOB Responsbility

Above answer was rated as good by the following members:
satishmkumar
April 24, 2008 11:34:25   #1  
mirunalinimiru Member Since: February 2008   Contribution: 10    

RE: consolidation in GL
Consolidation ogl allows you to consolidate between different chart of accounts . we can define map transfer and combine consolidation data.

1. create primary/reporting sob
2. Create subsidary/parent
3. define mapping & mappingset
4.open the period in reporting SOB
5.Run the data transfer
6.Query the data from reporting SOB Responsbility

 
Is this answer useful? Yes | NoAnswer is useful 1   Answer is not useful 0Overall Rating: +1    
May 20, 2009 09:23:14   #2  
satishmkumar Member Since: May 2009   Contribution: 10    

RE: consolidation in GL
Consolidation is a process of MERGING SET OF BOOKS(SOB).
Consolidation can be done in two(2) ways----
1. Segment Rules
2. Account Rules

1.Segment Rules----- Segment Rules are used when the Chart of Accounts of subsidiary and parent set of books are same.
2.Account Rules------Account Rules are used when the Char of Accounts are different in subsidiary and parent set of books.

Setups:-

1. Prepare Parent and Subsidiary Set of Books.
2. Run Translation Process in the Subsidiary Set of Books when the currency is different from Parent Set of Books.
3. Define Consolidation mapping.
4. Run Consolidation Transfer Program.
5. Switch to Parent Set of Books Responsibility and run JOURNAL IMPORT PROGRAM.


 
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 Related Questions

Latest Answer : Consolidation is 'consolidating different books' into the parent company to get a final pictrue of all subsidary and parent companies put to gether. It may be noted that the currency, coa and calender can be different with these sobs ...
Read Answers (9) | Asked by : Rekha

what are the pre requisites you have to before going to run the consolidation in GL? 
Latest Answer : Consolidation is a process of MERGING SET OF BOOKS(SOB).Consolidation can be done in two(2) ways----1. Segment Rules2. Account Rules1.Segment Rules----- Segment Rules are used when the Chart of Accounts of subsidiary and parent set of books are same.2.Account ...


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