---
title: "Consolidation 2"
description: "Lucanet Financial Consolidation is your solution for seamless and efficient financial consolidation.\nAutomate the entire consolidation process with Consolidation 2 using apps and benefit from maximum transparency, accuracy and user-friendliness."
source_url: https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/consolidation/consolidation-2
language: en
last_updated: 2023-08-16
---
# Lucanet Consolidation 2

## Overview

**Lucanet Financial Consolidation** is your solution for seamless and efficient financial consolidation.

Automate the entire consolidation process with Consolidation 2 using apps and benefit from maximum transparency, accuracy and user-friendliness.

The solution offers the following functions:

- Mapping group structures over time
- Master data administration
- Proportional transfer of consolidation data to consolidation areas according to the investment relationships within the group
- Automatic consolidation including:
 - [Debit/credit shifts in consolidation areas](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/consolidation/consolidation-2/configuring-consolidation-apps/debit-credit-shifts-in-consolidation-areas.md)
 - [Elimination of income from investments](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/consolidation/consolidation-2/configuring-consolidation-apps/elimination-of-income-from-investments.md) (incl. report on consolidation differences)
 - [Elimination of intercompany income and expense](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/consolidation/consolidation-2/configuring-consolidation-apps/elimination-income-and-expense.md) (incl. report on consolidation differences)
 - [Elimination of intercompany debt](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/consolidation/consolidation-2/configuring-consolidation-apps/elimination-intercompany-debt.md)(incl. report on consolidation differences)
 - [Equity elimination](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/consolidation/consolidation-2/configuring-consolidation-apps/equity-elimination.md) (currently with limited functionality)
 - [Reclassification of profit or loss from previous year in consolidation areas](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/consolidation/consolidation-2/configuring-consolidation-apps/reclassification-of-profit-or-loss-in-consolidation-areas.md)

{% warning-box %}
We recommend that customers who have used the apps of **Consolidation 2** or **Consolidation 2 Next Generation** in **Lucanet.Financial Client** read the following notes before using Consolidation 2 in the CFO Solution Platform:

[Notes on Migration from Lucanet.Financial Client](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/consolidation/consolidation-2/configuring-consolidation-apps/migration-from-lnfc.md)
{% /warning-box %}