Consolidation account groups and additional consolidation accounts

This article provides information about consolidation account groups and additional consolidation accounts, and explains how to use them.

Consolidation account groups

Consolidation account groups let you create groups of the accounts that you want to use to consolidate data. Typically, a consolidation account group represents a government-mandated chart of accounts. A consolidation account group can also map accounts to a group that the company's headquarters defines. You can find consolidation account groups in the Setup area of the Consolidations module. When you add a new group, enter a unique identifier for the account group, as well as a name.

Additional consolidation accounts

Use additional consolidation accounts to assign an account from an existing chart of accounts to a consolidation account group. Then, specify a consolidation account value and name.

You can find additional consolidation accounts in the Setup area of the Consolidations module. When you create a new consolidation account, specify the following information:

• Main account – This field is a lookup that shows all the main accounts that are based on the chart of accounts that you selected on the page. When you select an account, the name automatically enters in the Main account name field.
• Consolidation account group – Use this field to specify the group to assign the account to. If you consolidate in two different ways, you must add the same account to all four consolidation account groups.
• Consolidation account – Enter the value of the consolidation account. This value doesn't have to be an account from a chart of accounts. It can be any value that you require.
• Consolidation account name – Enter the name of account as you want it to appear on inquiries and reports.
• SAT level – This field is used to report account statements to the Mexican tax authorities.

When you finish creating your consolidation account groups and additional consolidation accounts, select the group in the Consolidate online process.

For more information, see Create consolidation groups and additional consolidation accounts.