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| " The FDM4 Consolidations module summarizes financial data from multiple companies into consolidated data for a parent company. By defining the organizational structure, you set up how each company's general ledger account balances are rolled up into the parent company." |
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The FDM4 chart of accounts is independent of the hierarchy for maximum flexibility.
- Batch entry is available for entries within a single period
- Enter notes explaining the elimination entries
- Report on any period, quarter, or YTD
- Preliminary trial balance
- Rolls up financial data automatically into parent company's general ledger balances
- Retrieve detailed audit trail of transactions
- Report layouts using statistical; total and account balance data
- Performance reports and account analysis
- G/L audit and elimination's inquiry
- Consolidated ledger entries inquiries
- Balance sheets
- Define multiple hierarchies with unlimited levels of subsidiaries
- Setup hierarchies independently of chart of accounts
- Each company can have a different chart of accounts
- Define consolidation accounts
- Full display of consolidation amounts
- Specify companies to include in the consolidation process
- Assign general ledger accounts directly to consolidation accounts or split the entries by center
- Distribute account balances based on centers
- Load general ledger balances for each company in the hierarchy into the consolidation accounts with one keystroke
- Enter inter-company transactions to eliminate during consolidation
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