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Setup for Consolidation: Step 1: Define Parent and Required Subsidiary Ledgers: Nav: Setup Financials Accounting Setup ManagerAccounting Setups Ex: 1. LG Parent Ledger (INR) 2. LG Subsidiary 1 Ledger (USD) 3. LG Subsidiary 2 Ledger (GBP) Step 2: Define Parent and Subsidiary Ledgers GL Responsibilities Nav: System Administrator SecurityResponsibilityDefine Ex: LG_ Parent GL Responsibility (INR) LG_Sub1 GL_ Responsibility (USD) LG_Sub2 GL_ Responsibility (GBP) Step 3: Assign Parent and Subsidiary Ledgers to Their Related GL Responsibilities. Nav: System Administrator Profile System. Ex: 1. Assign Parent ledger to Parent GL responsibility 2. Assign sub1 ledger to sub1 GL responsibility (USD) 3. Assign Sub 2 ledger to Sub 2 GL responsibility (GBP) Step 4: Define User Nav: SecurityUser Define Step 5: Assign All GL responsibilities to User Step 6: Open Periods in Parent and Subsidiary Ledgers Nav: Setup Open/close
Step7: Define Exchange Rate type: Nav: Setup Currencies Rates Types
Step 8: Define Exchange Rates: Nav: Setup Currencies Rates Daily Step 8.1: Define Exchange rate between INR to USD
Step 9: Define Consolidation: .Nav: Consolidation Define Consolidation. Step 9.1: Define Mapping Sub 1 to Parent: Nav: Consolidation Define Consolidation
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Save
Step 9.2: Define Mapping Sub 2 to Parent: .Nav: Consolidation Define Consolidation
Save
Save
Step 10: Define Consolidation Set: Nav: Consolidation Define Consolidation Set
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Step11: Complete Translation Options in Parent and Subsidiary Ledgers: Nav: Setup Accounting Setup Manager Accounting Setups
Enter Default Period End rate type : LG Exchange Rate Enter Default period Average Rate type: LG Exchange rate Enter CTA account. Then Click on Finish In This Way we complete Translation Options to Two Subsidiary Ledgers.
Step 12: Create Journal and post in Subsidiary Ledger (SUB1_USD) Nav: Journal Enter New Journal
Step 13: Run Translation in all Sub ledgers: Nav: LG_Sub1 Currency Translation Step 13.1: Run Translation in Sub ledger 1(USD)
Step 14: Run Consolidation Transfer in the Parent Ledger: Nav: LG Parent GL ledger ConsolidationTransferData set
Click on Ok
Step15: Quarry the Consolidation Journals in Parent Ledger and Post it: Nav: Journal Enter Find