Consolidation Processing

The Consolidation Process runs conversions and other calculations for common currency, local currency, interim currency, and reporting currency all at once. For example, let’s say you wanted to post Eliminations, Dynamic Journals (in common currency), and Reclassifications. You will run the Consolidation Process, then Eliminations, and then the Consolidation Process again so that interim and reporting currency reflect the eliminated intercompany transactions.

Planful offers a User Defined Consolidation Process so that you can process local currency and common currency, post Eliminations and common currency adjustments (if any) and then consolidate interim and reporting currency.