Reporting process with consolidation
With the consolidation of multiple financial projects, you can merge multiple accounting administrations at the balance level.With this you run the various reporting activities with a single consolidated financial project.
Description
You can work out the extended trial balance or generate a reporting overview or a report based on a single (consolidated) financial project.
The diagram below illustrates the consolidation process:
A financial project is the basis of all parts within the reporting. A financial project collects the trial balance and other information necessary to work out the extended trial balance, reporting and consolidation. For each reporting moment you add a financial project. You can save financial projects and use them later for comparisons.
You create financial projects in the environment that you want to report, but you can also create a financial project on the basis of another environment. The practical application of that procedure will mainly be used in the accountant/administration office, in which the contacts and reporting models are recorded in the accountant's environment only once. By creating the financial projects of the contacts in this environment, you can use the centrally saved reporting models and you can add the reports made to the dossier of the contact.
If you are reporting based on multiple financial projects then add a consolidation project. This is an ‘empty’ financial project without a trial balance (i.e. without figures). Next, you add a consolidation structure in which you indicate which financial projects must be consolidated. You link these financial projects to the consolidation project. After this, you can consolidate the consolidation project. Profit then merges the trial balances of all linked financial projects in the ‘empty’ financial project. From the consolidated project, you can then work out the extended trial balance and generate reporting overviews.
From a consolidated financial project, you have various reporting options:
- Only Work out extended trial balance
- Only Reporting
- First Work out extended trial balance and then Reporting