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AccountMate 6.5
 
Consolidated Ledger Module
   
  AccountMate Consolidated Ledger brings easy-to-use features to financial consolidations, providing the ability to quickly combine each different company's account balances and budget information into a single unified ledger to present consolidated financial statements and other reports.

Creating a consolidated ledger is simple; merely indicate which company is the parent and which companies are the subsidiaries. The parent company's General Ledger accounts and fiscal periods are mapped to the subsidiaries' and financial data can then be transferred to the parent. You can generate the consolidated report in the parent company.

Consolidated Ledger Module

Unlimited Number of Subsidiaries
AccountMate’s Consolidated Ledger can support as many subsidiary companies as desired for each parent company.

Unlimited Number of Consolidations per Period
You can consolidate each subsidiary's General Ledger data to its parent's General Ledger at any time in order to view updated financial information. During year-end closing, a final consolidation of information is automatically performed by the system. Moreover, you can always choose to unconsolidate the parent and the subsidiary's financial data as long as Fiscal-Year End Closing has not been performed in the subsidiary company.


Automatic Account Mapping Options
You can automatically map all or a range of accounts in the parent company to accounts in the subsidiary, or you can choose to map an individual parent company's account to multiple accounts in the subsidiary company.

Review Date and Time of Previous Consolidation
You can easily see which companies still need to be consolidated prior to issuing reports. AccountMate 6.5 displays the last date and time that each subsidiary company's account balances were consolidated into the parent company, and identifies who performed the consolidation.

Internal Checks Help Prevent Consolidation Errors
The Consolidated Ledger detects any problems that affect a consolidation (such as parent company accounts that are inactive, or accounts and fiscal periods that have not been mapped). If a problem is detected, the operation will be aborted until the problem is resolved.

Map Fiscal Periods
Consolidated Ledger provides the ability to map the parent company's fiscal periods to each subsidiary's fiscal periods. This is especially useful when a subsidiary company's fiscal year covers a range of dates different from that of the parent company's fiscal year.


Consolidate Account and Budget Balances
You can consolidate budget balances as well as account balances, allowing you to more effectively manage your business.

Consolidation Control Totals
The net retained earnings value consolidated from a subsidiary's accounts or budget can be displayed to check against the control amount expected.

Posting Period Restrictions
You can restrict postings and consolidation to any specified period in the parent company. This maintains the integrity of General Ledger data that has already been included in consolidated reports.