Clear consolidated amounts

This clears the values already consolidated for each nominal account in the subsidiary company. If you clear the consolidated amounts, the next time you consolidate, the entire trial balance is posted to the parent company.

Use this:

• When consolidating companies that operate in different currencies.

• When you want to remove all previous consolidated amounts, due to an error.

  Note: To clear the nominal balances in the parent company, use zero balances.

Outcomes

The values held for the amount consolidated to date are set to 0 (zero) on all nominal accounts in the subsidiary company.

To clear consolidated amounts

Open: Nominal Ledger > Utilities > File Maintenance > Clear Consolidated Amounts.

• Click OK to remove the consolidated values from all accounts.