The Consolidation tab only appears if the company is a subsidiary company (has a parent company set up in System Administration).
These settings are only relevant if you intend to consolidate subsidiary companies into a parent company Nominal ledger.
The settings are entered in each subsidiary company, not the parent company.
You must:
Open: Nominal Ledger >Utilities > Ledger Setup > Ledger Settings | Consolidations.
Open: Nominal Ledger >Utilities > Ledger Setup > View Ledger Settings | Consolidations
Select the relevant consolidation settings.
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Parent uses base currency |
Select this to make the currency of the subsidiary ledger the same as that of the parent company ledger. This is the default setting. |
|
Parent uses different currency |
Select this if the base currency in this subsidiary company is different to the base currency in the parent company. |
|
Apply defaults |
Select this to apply the default consolidation accounts after you have created the nominal accounts. Select Use default cost centre to use a single cost centre for linked all nominal accounts. Select the cost centre from the Default cost centre drop-down list. |