Hello All,
I am testing the group consolidation functionality and I believe I have set up all of the basic data required. When I try to Consolidate Balances from the Consolidation Status screen I am getting this error message
there is no place to enter the period of transaction. I assumed that it would default from the period entered for the consolidation status.
Has anyone seen this before?
Best answer by CBKLeasure
The issue was the Ultimate Ownership field. This should be set to No
+16I noticed you’ve consolidated period 7. Have you performed consolidation first for periods 1, 2, 3, 4, 5 and 6? Because IFS does cumulative consolidations and then period consolidated values are calculated, this might be the cause of the issue
+16Could you please try consolidating period 1 to see if you see the same error then?
Period 1 is showing a successful consolidation.
There are no balances in consolidation since there were no reported balances in January. Do you recommend completing each month up to July?
+16Thanks for giving that a try. Without looking into the transactions or the setup it will be hard to establish the cause of the issue. I would suggest raising a support case.
The issue was the Ultimate Ownership field. This should be set to No
Hi,
I have also come accross this error and IFS support identified that the issue were the group consolidation posting controls; since some should be using a P&L account and other should have a balance sheet account.
Thanks
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