---
title: "Wizard for Inventory Consolidation"
description: "Configuring the wizard-assisted elimination of intercompany profit or loss contained in inventory between affiliated companies."
source_url: https://support.lucanet.com/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/create-configure-consolidation-wizards/wizard-inventory-consolidation
language: en
last_updated: 2026-07-20
---
# Wizard for Inventory Consolidation

## Overview

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.

The wizard for **inventory consolidation** is displayed as follows, for example:

Wizard for inventory consolidation

The following options must be configured in the **Inventory consolidation** wizard:

## General

Edit the general properties of the wizard for inventory consolidation in the top area of the detail view:

| Option | Description |
|---|---|
| **Name** | Name of the wizard |
| **Period** | Time period for which the elimination is to be performed<br><br>**Note:** After the period has been changed, it is necessary to update the wizard (see section [Updating Wizard](#updating-wizard)). |
| **Cost center** | Cost center for the postings |
| **Currency** | Currency, in which the consolidation postings are to be made. By default, the transaction currency of the consolidation area is used. |
| **Basis** | Adjustment level with the data for the generation of the consolidation postings |
| **Target** | Adjustment level on which postings are to be made |

## Values

All **intercompany relationships** for which the assigned balance sheet items contain values are listed on the **Values** tab.

**Area 'Intercompany relationships'**

- **Refresh**: Refreshes the values in the wizard.
- Select the intercompany relationship in the table whose details you want to view or edit.

The following options are available in the table on the right:

| Option | Description |
|---|---|
| **Contained profit or loss portion** | Percentage of the selected intercompany relationship's balance sheet items that contains intercompany profit or loss. |
| **Deferred tax** | Percentage for deferred tax. Only displayed if **Incorporate deferred tax** was activated in the configuration. |
| **Reclassification within the P&L** | Percentage of the amount to be moved. Only displayed if **Reclassifications within P&L** was activated in the configuration. |
| **Reclassification within the balance sheet** | Percentage of the amount to be moved. Only displayed if **Reclassifications within balance sheet** was activated in the configuration. |
| **Transaction types/Partner** | Shows or hides the **Transaction types** column or the **Partner** column. |

Changes only apply to the selected intercompany relationship; other intercompany relationships remain unaffected.

Below the fields, the **To post** area shows the postings the wizard carries out after saving, grouped by category (**Contained profit or loss portion**, **Deferred tax**, **Reclassification within the P&L**, **Reclassification within the balance sheet**), with the applied percentage shown next to each category.

## Updating Wizard

If you change the period in the **General** area, or click **Refresh** in the **Intercompany relationships** area, the **Update wizard** dialog is displayed:

'Update wizard' dialog

{% stepper %}
{% stepper-step %}
Choose the desired configuration for the inventory consolidation.
{% /stepper-step %}
{% stepper-step %}
Define which elements should be updated. Do one of the following:
 - **Update pair combinations**, if only the pair combinations are to be updated.

**Note**: If the **Retain settings for already existing combinations** check box is deactivated, any settings already created might be overwritten by the configuration settings of the wizard.
 - **Fully update the wizard** (including cost center, etc.), to update all settings in the wizard.
{% /stepper-step %}
{% stepper-step %}
Click **Update**.
{% /stepper-step %}
{% /stepper %}