COA design

[aanand_iiitn]

This is intended only to GL Experts

Question :

1 Parent Holding Company which has got 4 group companies and each group companies having 10 companies with them .

Now we r free to design their business reporting .

1 Parent company - want to have all financial reporting data so that they can prepare financial statements anytime from the SYSTEM .

[oteixeira]

Hello.

Globa Consolidation System
The flexibility of the Global Consolidation System (GCS) allows you to manage financial information within any company structure. You can maintain multiple companies with similar or different accounting structures, and consolidate their results for meaningful financial reporting. You can consolidate budget and actual balances.

You should use GCS if one of the following is true in your organization:
-Your companies require different account structures. For example, one company may need a six segment chart of accounts, while another needs only a four segment chart of accounts.
-Your companies use different accounting calendars. For example, one company may use a weekly calendar and another may use a monthly calendar.
-Your companies operate in different countries requiring them to use their own local currencies.

Octavio