R12 GL Consolidation Documentation for LG Group
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Transcript of R12 GL Consolidation Documentation for LG Group
CONSOLIDATION:Consolidation is used to merge the multiple subsidiary ledger information in
parent ledger.
Setup for Consolidation:
Step 1: Define Parent and Required Subsidiary Ledgers:
Nav: Setup Financials Accounting Setup ManagerAccounting Setups
Ex: 1. LG Parent Ledger (INR) 2. LG Subsidiary 1 Ledger (USD) 3. LG Subsidiary 2 Ledger (GBP)
Step 2: Define Parent and Subsidiary Ledgers GL Responsibilities
Nav: System Administrator SecurityResponsibilityDefine
Ex: LG_ Parent GL Responsibility (INR) LG_Sub1 GL_ Responsibility (USD) LG_Sub2 GL_ Responsibility (GBP)
Step 3: Assign Parent and Subsidiary Ledgers to Their Related GL Responsibilities.
Nav: System Administrator Profile System.
Ex: 1. Assign Parent ledger to Parent GL responsibility 2. Assign sub1 ledger to sub1 GL responsibility (USD) 3. Assign Sub 2 ledger to Sub 2 GL responsibility (GBP)
Step 4: Define User
Nav: SecurityUser Define
Step 5: Assign All GL responsibilities to User
Step 6: Open Periods in Parent and Subsidiary Ledgers
Nav: Setup Open/close
Step7: Define Exchange Rate type:
Nav: Setup Currencies Rates Types
Step 8: Define Exchange Rates:
Nav: Setup Currencies Rates Daily
Step 8.1: Define Exchange rate between INR to USD
Step 8.2: Define Exchange Rates between INR to GBP:
Step 9: Define Consolidation:
.Nav: Consolidation Define Consolidation.
Step 9.1: Define Mapping Sub 1 to Parent:
Nav: Consolidation Define Consolidation
Click on Mapping Tab
Click on Segment Rules Tab
Save
..Lick Accounting Rules Tab
Save
Step 9.2: Define Mapping Sub 2 to Parent:
.Nav: Consolidation Define Consolidation
Click on Mapping Tab
Click on Segment Rules Tab
Save
Click on Accounting Rule Tab
Save
Step 10: Define Consolidation Set:
Nav: Consolidation Define Consolidation Set
Save
Step11: Complete Translation Options in Parent and Subsidiary Ledgers:
Nav: Setup Accounting Setup Manager Accounting Setups
Click on Update Accounting Options for Parent ledger
Click on LG parent ledger--------------click on Update
Go to Ledger Options
Enter Default Period End rate type : LG Exchange RateEnter Default period Average Rate type: LG Exchange rate Enter CTA account.Then Click on Finish
In This Way we complete Translation Options to Two Subsidiary Ledgers.
Step 12: Create Journal and post in Subsidiary Ledger (SUB1_USD)
Nav: Journal Enter New Journal
Save it and post it.
Step 12.2: Create Journal and post in Subsidiary Ledger (SUB2_GBP)
Save and Post it
Step 13: Run Translation in all Sub ledgers:
Nav: LG_Sub1 Currency Translation
Step 13.1: Run Translation in Sub ledger 1(USD)
Lick on Translate
Click on Ok
Step13.2: Run Translation in Sub Ledger 2(GBP)
Click on Translate
Click on Ok
Step 14: Run Consolidation Transfer in the Parent Ledger:
Nav: LG Parent GL ledger ConsolidationTransferData set
Click on Quarry Consolidation Tab
Click on Transfer Tab
Click on Ok
Step15: Quarry the Consolidation Journals in Parent Ledger and Post it:
Nav: Journal Enter Find
Now Click on Review Journal And Post the Journals..