to select, the location to which you want to send consolidation information. All locations entered on the Manage Transfer Locations screen are available for selection.Use this screen to manage consolidation transfer history, which summarizes by receiving location, fiscal year, and consolidation account/ organization of previous amounts transferred. Costopint updates the transfer history each time you create a consolidation entry. The consolidation account/organization that you initialize is the account/ organization into which the costs are transferred. This is the same set of account/organizations stored in the Consolidation Mapping table (CONS_MAP_WILDCARD).
If you change the consolidation mapping, you must update the consolidation transfer history to reflect the changes. The consolidation creation process is always an adjustment between costs incurred and previous amounts transferred. Costpoint translates or converts costs incurred into these account/organizations and adds them to this history when the comparison is performed. This allows for prior period adjustments to be made and captured in the next transfer. Costpoint updates this table when you execute the Create Consolidation Entries function.
For mid-year conversions, you should execute this screen before the Create Consolidation Entries screen. Because the amounts from this screen are subtracted from the calculated General Ledger amounts to arrive at the consolidation entry, adjustments should not be needed unless a replacement entry is desired. You do not need to make adjustments in this screen when moving to a new fiscal year because the Create Consolidation Entries screen creates the initial record for that year.
Enter, or click to select, the location to which you want to send consolidation information. All locations entered on the Manage Transfer Locations screen are available for selection.
When you select a receiving location, the receiving name displays in the adjacent, non-editable field.
Enter, or click to select, the fiscal year of the consolidation transfer.
This non-editable field displays the receiving company's currency. The adjacent, non-editable field displays the name of the receiving company's currency.
This non-editable field displays the receiving company's country name.
Enter, or click to select, a period.
You must use this column when you set up consolidation beginning balances as part of a first-time Costpoint implementation. Later in the consolidation process, this process is taken over by functionality in the Update Consolidation Beginning Balances application.
Enter, or click to select, the account to which costs were transferred. Lookup includes the consolidation accounts from the Manage Consolidation Acct/Org Mappings screen that have been linked to the receiving location on the Link Consolidation Locations screen.
Enter, or click to select, the organization to which costs were transferred. Lookup includes the consolidation organizations from the Manage Consolidation Acct/Org Mappings screen that have been linked to the receiving location on the Link Consolidation Locations screen.
This column displays the year-to-date amounts from the sending company after the last transfer. This column displays only if the reporting currency of the receiving location is the same as the functional currency of the sending location.
This column displays the name of the consolidation account to which costs were transferred.
This column displays the name of the consolidation organization to which costs were transferred.