---
title: "Consolidation 1"
source_url: https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/consolidation/consolidation-1
language: en
last_updated: 2023-08-16
---
# Consolidation 1

## Overview

The **Consolidation 1** enables **wizard-based elimination of intercompany debt** and **elimination of intercopany income and expense**.

You must generally perform the following steps to configure and execute Consolidation 1:

- [Creating and Configuring Consolidation Areas](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/create-and-configure-consolidation-areas.md)
- [Creating and Editing Configurations](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/create-configurations-consolidation-1.md)
- [Creating and Configuring Consolidation Wizards](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/create-configure-consolidation-wizards.md)
- [Automatic Cancellation in the First Planning Month](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/cancellation-inthefirst-planning-month.md)