Manage consolidations
By using the functionality of the General ledger workspace, you can consolidate data from specific branches of subsidiaries (or consolidation units) into a specific branch of the parent company. You can configure which data should be consolidated and how exactly the data should be consolidated. After that, you can consolidate the data as often as you need within each financial period.
This functionality is available only if the General ledger consolidation functionality is enabled in the Enable/disable functionalities (CS100000) window.
In the overview below, you can find topics that describe the consolidation process when both the subsidiary and the parent company use Visma Net.
Consolidation data is available through the standard simple object access protocol (SOAP) gateway, so third-party software can be used by either side.
Section Content
General ledger consolidation overview
The consolidation process in the General ledger includes three stages:
About consolidation configuration
This topic provides instructions on how to configure consolidation for your company.
Configure consolidation in a parent company
The following actions should be performed in the system of the parent company to set up consolidation:
Configure consolidation in a subsidiary
To set up consolidation with the parent company, for the subsidiary, you perform the following actions:
Prepare the consolidation data in a subsidiary
How the consolidation data should be prepared in a subsidiary depends on whether the subsidiary uses multiple currencies and whether its base currency is the same as the base currency of the parent company.
Import the consolidation data from a subsidiary
To import the consolidation data from the consolidation units to the branches of the parent company, use the Import consolidation data (GL509000) window.
About account mapping for consolidations
Successful, complete consolidation requires thorough mapping of the subsidiary’s accounts and subaccounts to the respective accounts and subaccounts of the parent company.