Creating and Configuring Adjustment Levels for Consolidation Postings

Last updated on 2025-07-08

Overview

Consolidation reporting entities are used for postings during the consolidation.

Creating Consolidation Reporting Entities

To create a consolidation reporting entity:

  1. Right-click a folder and choose Create | Consolidation reporting entity from the context menu. The Create Reporting Entity dialog is displayed:

    Create a reporting entity
  2. Specify the name of the element. 
  3. Choose the Start of the fiscal year from the drop-down list.
  4. Choose the Default currency from the drop-down list, in which the transactions of the reporting entity are to be executed.
  5. Click Save.
Configuring Consolidation Reporting Entities
Der Dialog zum Bearbeiten eines Buchungskreises für Konsolidierungsbuchungen wird angezeigt.
Konfiguration eines Buchungskreises für Konsolidierungsbuchungen

To configure a consolidation reporting entity:

  1. Click an consolidation reporting entity in the tree view.
  2. Click on Edit at the top right to open the editing mode.

When configuring a reporting entity, the following options are available:

Option

Description

Start of the financial year

If necessary, choose a new start of the fiscal year.

Default currency

The currency in which the transactions of the reporting entity are to be executed

Partner

Assignment to one or more partners

The assigning of partners to reporting entities takes place in the detail view of the respective partner (see section Creating and Configuring Partners).

Cost centers tab

If no default cost center has been created yet, a default cost center can be created via the Create default cost center link.

Currency translation tab

Enables the addition of exchange rates

All the exchange rate tables that have been created in the Currency translation workspace can be selected (see section Creating and Configuring Exchange Rate Tables).

The The changes shown in red will take effect only after exporting and importing the database message is displayed when adding and deleting exchange rate tables. This means the changes are not activated until you reimport the current database. If necessary, contact your Lucanet administrator.

Carry forward account tab

  • Specify an account and a transaction type for the cancellation of the carry forward during when importing cumulative balances.
  • If necessary, activate the check box Activate historical exchange rate translation, to activate the automatic translation of historical exchange rates for the next balance import. This option is only available if at least one active exchange rate table is assigned to the reporting entity.

 

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