Mac Accounting Software - Consolidation, Balance Sheet, Income Statement, General Ledger

By: Accountek  09-12-2011
Keywords: Human Resources, Print On Demand, financial reports

The Connected Consolidation plugin can be used for combining transactions from multiple Connected company files into a single company file from which Balance Sheet, Income Statement and other financial reports can be generated. This process can be tedious and error prone when performed manually but the Consolidation plugin requires only a few simple clicks.

Connected Consolidation Plugin features:

  • Automatic G/L account mapping between company files
  • Manual drag and drop mapping when account numbers do not match
  • Full audit trail maintained with print on demand audit reports
  • Currency conversion rate that allows consolidation from foreign currencies into the desired common currency
  • Unattended operation that can free up valuable human resources
  • Detailed consolidation reports
  • User defined date ranges that allow complete control over the transactions to be consolidated
  • Tolerant of redundant consolidations, only new transactions are selected

The process of setting up and performing a consolidation has three simple steps:

  1. Set up a new company file as a repository for the consolidated data. The new file does not require any configuration other than to be given a company name, a period one start date and to enable the consolidation function by running a routine. In most cases setting up a chart of accounts is not even necessary thanks to the automapping capability of the Consolidation plugin.

Keywords: Account Mapping, Audit Reports, Audit Trail, Chart Of Accounts, financial reports, Human Resources, Print On Demand,

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