> Connected Consolidation Plugin
The Connected Consolidation plugin is the first in a new
line of Connected add-on products designed with specific
user needs in mind. In the case of the Consolidation plugin
the need is for combining transactions from multiple Connected
company files into a single company file from which Balance
Sheet, Income Statement and other G/L reports can be generated.
This process although tedious and error prone when performed
by hand requires only a few simple clicks with the Consolidation
plugin.
> Connected Consolidation Plugin features:
- Automatic G/L account mapping between company files:
Manual drag and drop mapping when account numbers do not
match
- Full audit trail maintained with print on demand audit
reports
- Currency conversion rate:
Allows consolidation from foreign currencies into the desired
common currency
- Unattended operation:
Frees up valuable human resources
- Detailed consolidation reports
- User defined date ranges:
Allow complete control over the transactions to be consolidated
- Tolerant of redundant consolidations:
Only new transactions are selected
> The process of setting up and performing
a consolidation is as easy as 1-2-3:
1. Set up a new company file as a repository for the consolidated
data. The new file does not require any configuration other
than to be given a company name, a period one start date
and to enable the consolidation function by running a routine.
In most cases setting up a chart of accounts is not even
necessary thanks to the automapping capability of the Consolidation
plugin.
2. Open the Consolidation window and define the remote company
files to be consolidated. This consists of no more than
giving each remote file a name, pointing to the file on
the network, providing an optional currency conversion rate
and clicking the Auto checkbox to automatically map the
G/L accounts. In situations where accounts must be manually
mapped the G/L Account Mapping window with its intuitive
drag and drop interface makes the work easy.
3. Once the remotes are defined one or more can be selected
and a consolidation performed by clicking the Perform Consolidation
button. An input window allows the user to specify the range
of dates to be consolidated and if the optional reports
should be generated. A quick check is performed to verify
each remote is setup properly and the consolidation begins.
A window appears to report the progress. When the consolidation
is complete Balance Sheet, Income Statement and other G/L
reports can be printed.
> For more information, or to order the Consolidation
Plugin, contact
Accountek Solutions, Inc. at 888-678-5856 or e-mail sales
@ accountek .com
