All Steps at a Glance – Consolidation 1

Display the accounting structure of your enterprise. The elements that need to be created depend on the structure of your enterprise.

Items and accounts in the general ledger

Create the items and accounts for the general ledger (see section Elements in Ledgers and Schedules).

Subledgers

Create one or more subledgers and the corresponding items, accounts, and references therein.

Statistical ledgers

Create one or more statistical ledgers and the corresponding items, accounts and references (see section Creating and Configuring a Statistical Ledger).

Schedule

Create the required schedules if necessary.

In the Reporting entities workspace, reporting entities into which your financial data are imported, are defined.

Defining reporting entities

In the Reporting entities workspace, create elements to which postings can be made in Lucanet, i.e., reporting entities, cost center groups, cost centers as well as subtotals and totals (see section Creating and Configuring Reporting Entities).

Consolidation reporting entities

In the Reporting entities workspace, create consolidation reporting entities to which consolidation postings can be made (see section Creating and Configuring Consolidation Reporting Entities).

Importing financial data

Import your financial data into reporting entities (see section Importing Data into Reporting Entities).

Partners are used for the consolidation in order to add partner information to postings and data imports for the internal cost allocations.

You can create and configure partners in the workspace of the same name (see Section Partner).

If transactions can be executed in multiple currencies in your enterprise, you must first create the possible transaction and display currencies (see section Creating and Configuring Currencies) as well as define exchange rate tables for the currencies (see section Creating and Configuring Exchange Rate Tables).