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.

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