{"title":"Best practices for creating consolidated reports","url":"https://docs.vismasoftware.no/onestopreporting/reporting/reports/report-designer/creating-reports/best-practices-for-creating-consolidated-reports/","link":"/onestopreporting/reporting/reports/report-designer/creating-reports/best-practices-for-creating-consolidated-reports/","description":"Learn how to consolidate data across companies and manage eliminations manually.","content":"\n    \u003cdiv class=\"admonition admonition-important\" role=\"note\"\u003e\n    \u003cdiv class=\"admonition-title\"\u003e\n        \n        Important\n        \n    \u003c/div\u003e\n    \u003cdiv class=\"admonition-body\"\u003e\n        \u003cp\u003eBy \u0026ldquo;consolidated\u0026rdquo; we mean; collecting data across entities with similar constructs and summarize into a consolidated report. This is not true financial consolidation.\u003c/p\u003e\n    \u003c/div\u003e\n    \u003c/div\u003e\n\n\u003cp\u003eAlso note that currency translations are not handled automatically and must be set up in the template (using Report Designer).\u003c/p\u003e\n\u003cp\u003eTo be able to consolidate reports from multiple companies, you must:\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\u003cstrong\u003eHave all companies in the same environment in the OneStop Reporting portal:\u003c/strong\u003e That means, all the companies must be within the same \u003cem\u003eClient\u003c/em\u003e in \u003cstrong\u003eAdministration\u003c/strong\u003e as shown in this example:\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cimg src=\"/onestopreporting/reporting/reports/report-designer/creating-reports/best-practices-for-creating-consolidated-reports/img/en/word-image-6520-1-1024x430.png\"\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\u003cstrong\u003eHave the module \u003cem\u003eGroupReporting\u003c/em\u003e in your report.\u003c/strong\u003e In the example below we use dimensions and attributes in the module GroupReporing. This might be different in your accounting system.\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cimg src=\"/onestopreporting/reporting/reports/report-designer/creating-reports/best-practices-for-creating-consolidated-reports/img/en/word-image-6520-2-1024x875.png\"\u003e\u003c/p\u003e\n\u003cul\u003e\n\u003cli\u003e\u003cstrong\u003eHave a method for elimination implemented in your report template:\u003c/strong\u003e\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003eGenerally, there are three methods you can use in \u003cstrong\u003eReport Designer\u003c/strong\u003e: (\u003cstrong\u003eThe method you choose to use in OneStop Reporting, depends on how your company handles eliminations.\u003c/strong\u003e)\u003c/p\u003e\n\u003col\u003e\n\u003cli\u003eIn your accounting system, you can use a specific \u003cem\u003edimension\u003c/em\u003e to tag internal transactions. In Report Designer, you must filter on this dimension in the elimination column.\u003c/li\u003e\n\u003cli\u003eIf you have specific \u003cem\u003eaccounts\u003c/em\u003e used for internal transactions, you must filter on these accounts in the elimination column in the report template.\u003c/li\u003e\n\u003cli\u003eIf you have a specific \u003cem\u003ecompany\u003c/em\u003e for eliminations, you must use this to filter on in the elimination column in the report template\u003c/li\u003e\n\u003c/ol\u003e\n\n    \u003cdiv class=\"admonition admonition-important\" role=\"note\"\u003e\n    \u003cdiv class=\"admonition-title\"\u003e\n        \n        Important\n        \n    \u003c/div\u003e\n    \u003cdiv class=\"admonition-body\"\u003e\n        \u003cp\u003eThe consolidated report templates from OneStop Reporting do not have an elimination method implemented, and this must be included in the template.\nAlso note that the eliminations must be done for each company.\u003c/p\u003e\n    \u003c/div\u003e\n    \u003c/div\u003e\n\n","children":[]}