> Connected Consolidation
Plugin
The Connected Consolidation plugin can
be used for combining transactions from multiple Connected
company files into a single company file from which Balance
Sheet, Income Statement and other financial reports can
be generated. This process can be tedious and error prone
when performed manually but the Consolidation plugin only
requires only a few simple clicks,
> 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 that allows consolidation from
foreign currencies into the desired common currency
- Unattended operation that can free up valuable human
resources
- Detailed consolidation reports
- User defined date ranges that 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 has three simple steps:
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
