R12 GL Consolidation Documentation for LG Group

CONSOLIDATION: Consolidation is used to merge the multiple subsidiary ledger information in parent ledger. Setup for Consolidation: Step 1: Define Parent and Required Subsidiary Ledgers: Nav: Setup Financials Accounting Setup ManagerAccounting 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 SecurityResponsibilityDefine 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: SecurityUser 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 8.2: Define Exchange Rates between INR to GBP:

Step 9: Define Consolidation: .Nav: Consolidation Define Consolidation. Step 9.1: Define Mapping Sub 1 to Parent: Nav: Consolidation Define Consolidation

Click on Mapping Tab

Click on Segment Rules Tab

Save

.. Lick Accounting Rules Tab

Save

Step 9.2: Define Mapping Sub 2 to Parent: .Nav: Consolidation Define Consolidation

Click on Mapping Tab

Click on Segment Rules Tab

Save

Click on Accounting Rule Tab

Save

Step 10: Define Consolidation Set: Nav: Consolidation Define Consolidation Set

Save

Step11: Complete Translation Options in Parent and Subsidiary Ledgers: Nav: Setup Accounting Setup Manager Accounting Setups

Click on Update Accounting Options for Parent ledger

Click on LG parent ledger--------------click on Update Go to Ledger Options

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

Save it and post it.

Step 12.2: Create Journal and post in Subsidiary Ledger (SUB2_GBP)

Save and Post it

Step 13: Run Translation in all Sub ledgers: Nav: LG_Sub1 Currency Translation Step 13.1: Run Translation in Sub ledger 1(USD)

Lick on Translate Click on Ok

Step13.2: Run Translation in Sub Ledger 2(GBP)

Click on Translate Click on Ok

Step 14: Run Consolidation Transfer in the Parent Ledger: Nav: LG Parent GL ledger ConsolidationTransferData set

Click on Quarry Consolidation Tab

Click on Transfer Tab

Click on Ok

Step15: Quarry the Consolidation Journals in Parent Ledger and Post it: Nav: Journal Enter Find

Now Click on Review Journal And Post the Journals..