Post Consolidation Transactions

Purpose: This creates and posts the Consolidation Journal .

• Period: Select a nominal ledger period from the Source Companies whose transactions you wish to bring into the consolidation company.
• Journal Description:Enter a suitable description for the consolidation journal – e.g. “Consolidation April 2020”
• Verify Definition: This will validate the consolidation journal definition and print a report if errors are found.
• Report Only: This will not post any transactions, but will print a journal report that will show exactly what transactions will be posted in the consolidation company when you select the third option to actually post the journal.
• Post Transactions & Report: This will first perform a check on the status of the source companies:
• – all source companies must be in the same nominal period.
• – all source companies must have the same starting period and month.
• If these checks are not satisfied, the journal will not be posted. If the checks are satisfied, the consolidation journal will be posted for the defined nominal accounts for the selected period. A report will then be printed that will detail the posted journal.
• OK: Perform the selected posting combination and close the form.