1) Initiate group financial statement
Create a group financial statement period: How do I create a consolidated financial statement?
Perform a reconciliation and ensure that the exchange rates are correct.
2) Import accounting data
Import accounting data from your accounting system through direct integration: Import from the Accounting System.
Alternatively, you can upload SIE files from an accounting system: How do I upload accounting files when I have the Corporate Group extension?
If the group has foreign subsidiaries, you should import the accounting data via Excel if the accounting system does not support the SIE format: Upload accounting to the subsidiary using Excel
3) Reconciliation
- Perform a reconciliation and ensure that:
- Is data correctly imported?
- Are there no new unrecognized accounts?
- If accounting data in previous periods has been changed?
4) Create a group financial statement.
- Import group company data: Import Accounting to the Group Company
- Run/update text analysis.
- Reconciliation.
- Accounts OB=CB, group & group company.
- Counterparty reconciliation.
- Equity reconciliation (UU).
5) Run automatic eliminations
- Run elimination rules.
- Run Goodwill depreciation according to plan.
- Run depreciation/revaluation of excess/deficit values.
6) Manage unmatched transactions
Search and match unmatched transactions.
7) Manual eliminations
How do I create a manual elimination?
- Ad-hoc eliminations.
- Adjustments.
- Acquisition/disposal eliminations.
- Goodwill over-depreciation?
- Excess value over depreciation?
- Revaluation of excess values.
8) Review & Lock financial statements
- Counterparty controls.
- Other controls.
- Equity control in the group (UU).
- Lock group financial statement.
9) Report & Publish
- Create reports: Create reports and report templates
- CEO, Management Team, and Operations.
- Board of Directors.
- Quarterly reports.
- Annual reports.
- Create group table