Consolidating accounts examples
- Before Companies Act 2013, only listed company was required to do Consolidation.
Business Central lets you set up a list of companies to consolidate, verify the accounting data before you consolidate it, import files, and generate consolidation reports.
The companies that you include in the consolidated company become Business Units in the report.
Consolidating financial data may especially be relevant in connection with intercompany processes.
For more information, see Managing Intercompany Transactions.
You can consolidate: If your consolidation is straightforward, for example because you wholly-own the business units to consolidate, the Company Consolidation assisted setup guide will help you through the following steps: If you need more advanced settings for your consolidation, you can set up consolidation manually.