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    When Consolidation Is Needed
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    When Consolidation Is Needed

    • Dark
    • PDF

    Article summary

    Common situations when the Consolidation application is needed:

    • When you have multiple ERP (Enterprise Resource Planning) or GL (General Ledger) systems

    • When you have multiple charts of accounts (with different account types across different entities)

    • When operating in different countries with multiple currencies

    • When you have multiple divisions or subsidiaries

    • When you have complex or changing ownership or regulatory requirements

    • When you have a need for IFRS or GAAP regulatory reporting

    • When retained earnings need to be rolled forward to the next period


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