consolidation

Term used in accounting. The merging of individual financial statements of several companies into a consolidated financial statement is called consolidation.

Types of consolidation in SAP Business One

Supply consolidation: The outgoing invoice is sent to a deviating Business partner (consolidation GP).
Consolidation of payments: On different business partner takes over the payment for the outgoing invoice.

Functionality and settings

Consolidation is carried out in the business partner master record on the "Accounting/General" defined.
Each business partner can only one type of consolidation (delivery or payment) can be selected.
document chain: Normally, the document chain is linked to a business partner. Consolidation allows this link to be broken.
Automatic default values: These are taken from the master data and can no longer be changed once the document has been added.
Document processing: Invoices from several business partners can be sent via a central business partner (BP) be compensated.

2. consolidation in reports

the Reporting consolidation makes it possible, Target documents based on specific criteria to summarise:

Criteria: Document type, customer, article type or other characteristics.
Options:
- No consolidation: A separate target document is created for each base document.
- Consolidate according to: Summary of target documents according to defined criteria.

3. consolidation in asset accounting

In the asset accounting consolidation during the Amortisation run to summarise several depreciation entries and simplify accounting.

4. consolidation in charts of accounts

Consolidation in Charts of accounts become Additional values to facilitate consolidated reports:

In the Trial Balance additional values can be defined for account types to enable a comprehensive evaluation.

Versino Financial Suite

With the Versino Financial Suite consolidation in all its forms is mapped in SAP Business One in a process-orientated, transparent, comprehensively auditable and legally compliant manner. This gives companies a constant overview of all business interrelationships, accelerates their closing processes and ensures audit-proof, error-free consolidation at all levels.