---
title: "Creating and Configuring Consolidation Wizards"
description: "In Lucanet, it is possible to perform the elimination of intercompany debt, elimination of intercompany income and expense, and inventory consolidation in connection with the elimination of intercompany profit or loss by means of consolidation wizards."
source_url: https://support.lucanet.com/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/create-configure-consolidation-wizards
language: en
last_updated: 2026-05-01
---
# Creating and Configuring Consolidation Wizards

## Overview

In Lucanet, it is possible to perform the elimination of intercompany debt, elimination of intercompany income and expense, and inventory consolidation in connection with the elimination of intercompany profit or loss by means of **consolidation wizards**. The wizards are executed on the basis of the **configurations** created in the **Consolidation areas** workspace (see [Creating and Editing Configurations](https://support.lucanet.com/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/create-configurations-consolidation-1.md)).

## Creating a Consolidation Wizard

To create a consolidation wizard:

1. Choose one of the following options:

    - Open the **journal** for the desired **data level** and **consolidation area** and select **Create** from the context menu of a folder:

    ![Create consolidation wizard](https://support.lucanet.com/assets/docs-images/consolidation-financial-planning/consolidation/consolidation-1/create-configure-consolidation-wizards/_images/en/create-consolidation-wizard.png)
    Create consolidation wizard

    - Open a **ledger** for the desired **data level** and **consolidation area**, right-click in the row of the ledger hierarchy for which the wizard should be created and choose **Create**:

    ![Shows a section from a ledger's detail view. Highlighted in red is the journals workspace and the menu path Create -> and the available consolidation wizards.](https://support.lucanet.com/assets/docs-images/consolidation-financial-planning/consolidation/consolidation-1/create-configure-consolidation-wizards/_images/en/create-consolidation-wizard-from-ledger.png)
    Creating a consolidation wizard from a ledger

    - In the **Show postings** dialog, click **Create posting**:

    ![Shows the 'Show postings' dialog. The 'Create Posting' button and the 'Consolidation Wizards' section of its menu are highlighted in red.](https://support.lucanet.com/assets/docs-images/consolidation-financial-planning/consolidation/consolidation-1/create-configure-consolidation-wizards/_images/en/create_consolidation_show_posting_dialog.png)
    Creating a consolidation wizard from the 'Show postings' dialog

2. Choose the desired **consolidation wizard** from the **Create** menu.

3. The **Create Consolidation Wizard** dialog is displayed as follows, for example:

    !['Create Consolidation Wizard' dialog](https://support.lucanet.com/assets/docs-images/consolidation-financial-planning/consolidation/consolidation-1/create-configure-consolidation-wizards/_images/en/dlg_create_consolidation_wizard.png)
    'Create Consolidation Wizard' dialog

4. In the **Period** drop-down list, specify the period to be taken into account for the consolidation.

5. Choose the desired configuration in the **Configuration** drop-down list.

6. Click **Continue**.

7. Configure the selected wizard (see section [Configuring Consolidation Wizards](#configuring-consolidation-wizards)) and then save the wizard.

## Available Consolidation Wizards

The following consolidation wizards are available:

| Element | Description |
|---------|---------|
| Paired elimination of intercompany debt | The **Paired elimination of intercompany debt** wizard enables the wizard-assisted elimination of debts and receivables between affiliated companies. Pair combinations of accounts are formed between reporting entities or cost centers based on settings previously made (see [Wizard for Paired Elimination of Intercompany Debt](https://support.lucanet.com/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/create-configure-consolidation-wizards/wizard-paired-elimination-intercompany-debt.md)). |
| Lump sum elimination of intercompany debt | The **Lump sum elimination of intercompany debt** wizard allows you to perform a wizard-assisted elimination of debts and receivables between affiliated companies. This involves offsetting accounts previously defined in the **Consolidation areas** workspace against one another on a lump sum basis (see [Wizard for Lump Sum Elimination of Intercompany Debt](https://support.lucanet.com/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/create-configure-consolidation-wizards/wizard-lump-sum-elimination-intercompany-debt.md)). |
| Paired elimination of intercompany income and expense | The **Paired elimination of intercompany income and expense** wizard enables the wizard-assisted elimination of expenses and income between affiliated companies. Pair combinations of accounts between reporting entities or cost centers are formed based on settings previously made (see [Wizard for Paired Elimination of Intercompany Income and Expense](https://support.lucanet.com/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/create-configure-consolidation-wizards/wizard-paired-elimination-intercompany-income-expense.md)). |
| Lump sum elimination of intercompany income and expense | The **Lump sum elimination of intercompany income and expense** wizard enables the wizard-assisted elimination of expenses and income between affiliated companies. This involves offsetting accounts previously defined in the **Consolidation areas** workspace against one another on a lump sum basis (see [Wizard for Lump Sum Elimination of Intercompany Income and Expense](https://support.lucanet.com/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/create-configure-consolidation-wizards/wizard-lump-sum-elimination-intercompany-income-expense.md)). |
| Elimination of intercompany income and expense based on group-internal revenue | The **Elimination of intercompany income and expense based on group-internal revenue** wizard enables the wizard-assisted elimination of expenses and income between affiliated companies. In this case, (revenue) accounts previously defined in the **Consolidation areas** workspace are offset with one or more expense accounts with allocation of a percentage (see [Wizard for Elimination of Intercompany Income and Expense Based on Group-internal Revenue](https://support.lucanet.com/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/create-configure-consolidation-wizards/wizard-elimination-intercompany-income-expense-group-internal-revenue.md)). |
| Inventory consolidation | The **Inventory consolidation** wizard enables the wizard-assisted elimination of intercompany profit or loss contained in stock (inventory) between affiliated companies. Intercompany relationships are formed between reporting entities based on settings previously made in the **Consolidation areas** workspace (see [Wizard for Inventory Consolidation](https://support.lucanet.com/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/create-configure-consolidation-wizards/wizard-inventory-consolidation.md)). |

## Configuring Consolidation Wizards

The options to be configured depend on the selected wizard. Each wizard type has its own **General** properties, its own **Values** tab, and — for some wizards — its own **Updating Wizard** procedure. These details are documented on a dedicated page per wizard type:

| Wizard | What it configures |
|---|---|
| [Wizard for Paired Elimination of Intercompany Debt](https://support.lucanet.com/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/create-configure-consolidation-wizards/wizard-paired-elimination-intercompany-debt.md) | Pair combinations of debt and receivable accounts between reporting entities or cost centers. |
| [Wizard for Lump Sum Elimination of Intercompany Debt](https://support.lucanet.com/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/create-configure-consolidation-wizards/wizard-lump-sum-elimination-intercompany-debt.md) | Lump-sum offsetting of debt and receivable accounts. |
| [Wizard for Paired Elimination of Intercompany Income and Expense](https://support.lucanet.com/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/create-configure-consolidation-wizards/wizard-paired-elimination-intercompany-income-expense.md) | Pair combinations of income and expense accounts between reporting entities or cost centers. |
| [Wizard for Lump Sum Elimination of Intercompany Income and Expense](https://support.lucanet.com/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/create-configure-consolidation-wizards/wizard-lump-sum-elimination-intercompany-income-expense.md) | Lump-sum offsetting of income and expense accounts. |
| [Wizard for Elimination of Intercompany Income and Expense Based on Group-internal Revenue](https://support.lucanet.com/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/create-configure-consolidation-wizards/wizard-elimination-intercompany-income-expense-group-internal-revenue.md) | Offsetting of revenue accounts against one or more expense accounts with a percentage allocation. |
| [Wizard for Inventory Consolidation](https://support.lucanet.com/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/create-configure-consolidation-wizards/wizard-inventory-consolidation.md) | Elimination of intercompany profit or loss contained in inventory between affiliated companies. |

> **Warning:** If you change the **configuration** of a wizard in the [Consolidation areas](https://support.lucanet.com/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/create-and-configure-consolidation-areas.md) workspace and the change should take effect in the posting, the posting must be deleted in the journal and then created again because the **Update wizard** function only updates the values, but not the structure of the wizard-assisted posting.