G/L Consolidations lets you transfer and merge General Ledger account
and transaction information between separate company and branch
office locations. It is also designed to enable subsidiaries and holding
companies to run without being on the same network or accounting
database. G/L Consolidations provides a feature set that allows your
company to define the level of detail to consolidate and provides
a comprehensive audit trail. The system is available in two versions:
a full version for the head office and a remote-sites version for branch
offices.
G/L Consolidations Capabilities
Consolidate multiple general ledgers by transactions, net period
changes, or account balances.
Consolidate general ledgers with differing fiscal years and
fiscal periods, and with different account structures by using
a mapping table.
Include budgets for a range of years in the consolidated company.
Maintain a separate general ledger for your consolidated ledgers
or consolidate with the head office or central general ledger.
Consolidate all accounts or a partial set of accounts using the
automatic balancing account (exclude entries from the consolidation
if needed).
Merge multiple accounts in subsidiaries into single holding company
accounts.
Specify a description for account balances or net change
transactions.
Maintain a detailed audit trail of all consolidation activities.
Transfer transactions originating in a holding company back to
subsidiaries to centrally maintain payroll or fixed assets.
Automatically perform currency translation with the provision of gain
or loss on translation.
Consolidate multicurrency and single currency accounts, and general
ledgers with differing functional currencies.
Translate amounts from functional currency or source currency in the
originating ledger, and specify the translation rate type.