Define Reporting Entity

Explanation

This activity is used to define a reporting entity to be used in the Group Consolidation process.

Prerequisites

In order to perform this activity, a master company (i.e. a company with the Master Company check box selected in the Company/General tab) should exist.

System Effects

As a result of this activity, a reporting entity will be available to be used in the Group Consolidation process.

Window

Reporting Entities

Related Window Descriptions

Reporting Entities

Procedure

To define a reporting entity:

  1. Open the Reporting Entities window and create a new record.
  2. Enter an ID for the reporting entity in the Reporting Entity field, and a description in the Reporting Entity Description field.
  3. Select a value for the Reporting Entity Type field.

If the value you selected for the Reporting Entity Type field is Reporting:

  1. Enter the company ID  you want to connect to the reporting entity in the Company ID field. The List of Values can be used to select the required company.
  2. Select a value for the Ledger field to specify the ledger from which the actual balances should be fetched. If you selected Internal Ledger, enter the relevant ledger ID in the Ledger ID field.
  3. If simulation balances should be included by default when reporting is done for the reporting entity, select the Include Simulation Balances checkbox.
  4. Select a value for the Reporting Currency Base field to specify whether the reporting should be done in accounting currency or parallel currency. The Currency field will display the currency code for the selected reporting currency base.
  5. Select a value for the Budget Ledger Type field to specify the ledger from which the budget balances should be fetched. If you selected Internal Ledger, enter the relevant ledger ID in the Budget Ledger ID field.
  6. Enter a numerical value in the Reporting Entity Group field if required. If the same reporting entity group is connected to several reporting entities, the code part value mapping for one reporting entity can be copied to all reporting entities belonging to that reporting entity group.
  7. If you want to map reporting entity accounting period to master company accounting period select the Period Mapping checkbox.
  8. Save the information.

If the value you selected for the Reporting Entity Type field is Adjustment:

  1. Enter a value in the Currency field to specify the default currency that should be used for adjustments. The List of Values can be used to select the required currency code.
  2. Save the information.