Before you can perform Consolidation 1, you must create and configure the necessary objects. The required objects can be created in any order. However, because the objects are built upon each other and interconnected, we recommend following the sequence of steps outlined.
1
Optional: Creating requirements
Before you begin setting up the consolidation, you must first ensure that the necessary prerequisites are in place. This includes:
Display the accounting structure of your enterprise. The elements that need to be created depend on the structure of your enterprise.
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).
To ensure that the consolidation can be executed along with the relevant postings, the corresponding period locks must be defined and activated in the Period locks workspace (see section Configuring Period Locks)
5
Defining Configuration
Define the configuration for the elimination of intercompany debt, the elimination of intercompany income and expense, or inventory consolidation (see section Creating and Editing Configurations).
6
Configuring Consolidation Wizards
Configure the wizards for elimination of intercompany debt, elimination of intercompany income and expense, or inventory consolidation (see section Creating and Configuring Consolidation Wizards).
Once a consolidation wizard has been created, the consolidation is executed and a new posting is generated in the Import and Journals workspace.