Rollback Balance Consolidation - Parent Company

Explanation

Use this activity to rollback balance consolidation. If the parent company has consolidated a transfer, the reversal must be made from the parent company. A voucher is created automatically in the parent company’s hold table in IFS/Accounting Rules. The line is then deleted in the subsidiary's Subsidiary Consolidations window.

Prerequisites

Before reversing the general ledger balances, the following must have been completed:

• The general ledger balances must be consolidated to the parent company, i.e., the Balance Consolidation check box must be selected in the Parent Consolidations and the Subsidiary Consolidations windows.

System Effects

As a result of the rollback of balances, the Balance Consolidated field will not be selected in the Parent Consolidations.
and Subsidiary Consolidations windows. A voucher is created automatically in the parent company's hold table in IFS/Accounting Rules. The balance consolidation information can be deleted in the subsidiary.

Window

Parent Consolidations

Related Window Descriptions

Rollback Balance Consolidation

Procedure

Use the following procedure to start the rollback of balances in the parent company:

1. Open the Parent Consolidations window.
2. Select the line containing information about general ledger balances.
3. Right-click and then click Rollback Balance Consolidation option. The Rollback Parent Consolidation dialog box displays default values. You can enter a different User Group.
4. Confirm the information. A confirmation message appears when reversal is complete.