Sage 300 G/L Consolidations
What are G/L Consolidations?
G/L Consolidations allows you to perform sophisticated consolidations of multiple general ledgers, while maintaining a comprehensive audit trail.
Why would I use G/L Consolidations?
Well my fellow Sage 300 ERP user, let me tell what you can use this functionality for and of course it involves a lot of consolidations.
You can consolidate:
- Any number of general ledgers, using single-level and multilevel consolidations.
- Transactions as often as required (for example, weekly consolidated reports).
- Multicurrency and single-currency ledgers with the same or differing functional currencies
- Companies with different year-ends
- Dissimilar account code structures, using a mapping table
- Transactions from subsidiaries and holding companies at different locations. G/L Consolidations is designed so that data can be extracted and made available for transfer to other locations.
But wait, there’s more. You can also:
- Merge multiple accounts in subsidiaries into single holding company accounts
- Transfer transactions originating in a holding company (or elsewhere) back to subsidiaries. (This can be useful where payroll or fixed assets are maintained centrally.)
- Export transactions by posting sequence, by fiscal period, by net changes, or by balances.
- Maintain a full audit trail of transactions, as well as a detailed audit trail of all consolidation activities.
- Import and export optional field setup data to and from General Ledger and Common Services.
- Import and export account optional fields and transaction optional fields.