When Consolidation Is Needed

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