Creating and Configuring Consolidation Areas
Last updated on 2025-07-08
Overview
Consolidation areas contain organization elements (e.g. reporting entities, cost centers or subordinate consolidation areas) and can be used to display group and subgroup structures in Lucanet.
Consolidation areas are required for the wizard-assisted consolidation using Consolidation 1 and can be created in the Consolidation areas workspace, where the corresponding reporting entities can be assigned.
This article contains the following sections:
Creating a Consolidation Area
Consolidation areas are created in the Consolidation areas workspace. To create a consolidation area:
- Open the Consolidation areas workspace in the Consolidating folder.
- Right-click the Consolidation areas folder or a folder and choose Create | Consolidation area from the context menu:
Create a consolidation area - The Create consolidation area dialog is displayed:
Dialog 'Create consolidation area' - Enter a name for the consolidation area in the Name field.
- Select the transaction currency in which the consolidation is to take place. Caution: The transaction currency cannot be changed anymore after being created!
- Click Save.
The consolidation area is created. - In the detail view of the new consolidation area, click Edit and configure the consolidation area (see following section).
'Edit' button in the details view of a consolidation area
Area/Tab
Description
General
- Name: Name of the consolidation area
- Consolidation reporting entity: The organization element in which the consolidation postings are to be made
Organization elements
Composition of the consolidation area. In the table, choose:
- Assigned organization elements: Organization elements that are directly assigned to the consolidation area
- The parent company
- Proportional: Proportionally consolidated consolidation units
- Percentage: Percentage for proportionally consolidated consolidation units
- Subordinate consolidation areas: Consolidation areas that are subordinate to the consolidation area (= subgroups)