Create consolidation groups and additional consolidation accounts

Note

We will not be accepting edits to this topic, because it is generated from a business process in Lifecycle Services.

This procedure shows how to create a consolidation account group and then add accounts to the group. This procedure uses the demo data company USMF.

Create a consolidation account group

  1. Go to General ledger > Chart of accounts > Accounts > Consolidation account groups.
  2. Click New.
  3. In the Consolidation account group field, enter a unique identifier for the consolidation account group.
  4. In the Name field, type a value.

Add accounts to consolidation account group

  1. Close the page.
  2. Go to General ledger > Chart of accounts > Accounts > Additional consolidation accounts.
  3. Click New.
  4. In the Main account field, click the drop-down button to open the lookup.
  5. In the list, click the main account that you want to map.
  6. In the Consolidation account group field, click the drop-down button to open the lookup.
  7. In the list, click the consolidation account group.
  8. In the Consolidation account field, type a value.
  9. In the Consolidation account name field, type a value.