Allow to post adjustment entries in consolidation company
Allow to post adjustment entries in consolidation company
- Current D365 FO: For adjustments such as manual elimination entries, group adjustment according to IFRS/GAAP, other group adjustments; user will need to do it in a new separate company and add it to consolidation online ...
Currency Translation Tab does not include opening balance transactions
The Currency Translation function in the Consolidation online module – it does not revalue opening balances.
Currently only operating balances are included in the Consolidation online process. Therefore, to see opening balances, you must s...
Auto create minority interest/share of profit
Auto create minority interest/share of profit
- Current D365 FO: Manual calculate and upload GL in a new adjustment company then run consolidation online
- Suggest to change: Build new functionality to capture ownership percentage and auto calculate minority interest/share of pr...
STATUS DETAILSNew
Dashboard to view all intercompany credits, debts, revenues and costs between subsidiaries
During our meeting with a client interested in the Consolidations module, the client suggested the addition of an intercompany dashboard. This dashboard would display all intercompany transactions between subsidiaries, facilitating necessary adjustments during the consolidation process.
D365 AutomaticallyConsolidation on line generation
During the analysis of the requirements for the consolidation setup in D365FO, we became aware that several standard activities are not fully covered (therefore customizations are required), or they require lengthy and manual processes that make the proce...
Adjustments that should be automatically performed on the bases of input data provided to the Consolidations module
In discussions with our clients, we have identified several automatic adjustments that your system should handle:
- Automatic Cancellation of Shareholdings: Adjust for shareholdings in subsidiaries, accounting for events such as payments, subscriptions, acq...
STATUS DETAILSNew
For the consolidation process, start each year from the aggregate value of subsidiaries, do not open accounts with consolidation adjustments from previous years
According to international accounting principles, the preparation of the consolidated financial statements for the current year cannot simply be based on the previous year's consolidated financial statements. It is always necessary to start with the financial statements of the individual entit...
Use a Weighted average exchange rate based on the covered period of the report (yearly, quarterly)
To better serve global enterprises managing multiple legal entities with different currencies, we propose an enhancement to the Consolidations module. This enhancement will focus on incorporating comprehensive IAS 21 (International Accounting Standard 21) compliance features, specifically the ...
System should not create consolidation entries if the period is put on hold.
When we put Period on hold in consolidation legal entity and consolidation online process is run first time for a given period, system is generating consolidation entries for the legal entity specified in the online consolidation form which should not happen.