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Bob Are you talking about intercompany accounting
(trading between companies) or consolidating subsidiaries into a parent? From
what you’ve described it seems the latter in which case the following may
help to point you in the right direction: The minimum required tasks to set up an online consolidation: 1. In
Administration, Company accounts, create
a set of company accounts for your consolidation, and select it. 2. Select
the field Consolidated company accounts
in General ledger,
Setup, Parameters. 3. Define
the relevant currencies and exchange rates in General ledger, Setup,
Exchange rates. 4. In
Basic, Setup, Company information,
select the default currency on the Other
tab. 5. In
the company accounts to be consolidated (child companies), in the
field Consolidation account[2] in
the Chart of accounts form,
it is possible to direct the current ledger account to another ledger
account in the parent company. Regards Matt From:
Bob Mathews [mailto:[EMAIL PROTECTED] Hi , Can someone give me some basic input on setting up We have a group company and 2 other subsidiaries. I tried looking at the "Intercompany accounting " However i do not know how to proceed. It would be Thanks Bob __________________________________________________ [1] Monetary accounts will be summed up by the exchange rate of the assessment time. All other accounts will be summed up by the exchange rate of the transaction date. Only accounts of the types Balance, Asset, and Liability can be selected, if Exchange adjustment is also selected. [2] Indicates where the current account should be placed in a group chart of accounts. This will transfer the account balances from the given account to the consolidation account in the parent company. Note You can use the same consolidation account for several account numbers. Sharing the knowledge on Axapta.
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