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what is steps include after mapping in consolidation process?
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Answer Posted / tgs100
Consolidation is a process of transferring accounting details (in detail or summary) from two or more ledgers to a consolidation ledger. The process is as follows.
1. Create a mapping - Choose the subsidiary ledger and parent ledger and define mapping. Here we can use either segment mapping or account mapping or both. In segment mapping, we need to do mapping for each parent segment. The available options are
a) CONSTANT VALUE (usually done when there is no corresponding segment in
subsidiary ledger)
b) COPY VALUE FROM - directly copy values from subsidiary to parent
c) Roll up Rules - Here we can combine certain range of subsidiary values to one
parent value.
2. Create a consolidation set and and add all the mappings so that we can perform consolidation at one go.
3. Create Elimination set for eliminating intercompany transactions.
4. Run Consolidation
5. Import from GL Interface (Optional - Not necessary if import to GL is set as YES in mapping definition)
6. Post the journals in Parent ledger (Optional - Not necessary Post in GL is set as YES in mapping definition)
7. Run Reports in Parent Ledger
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