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Function documentationConsolidated Balances Locate this document in the navigation structure

 

You use the Consolidated Balances function to do the following:

  • Enter or upload balances for the account groups that you defined at the global level.

  • Determine the significance threshold for consolidated account group balances.

  • Apply a significance threshold to flag consolidated account groups as significant.

Note Note

Users with appropriate access can adjust the significance as needed.

End of the note.

Activities

To update your account group balances, follow the directions below:

  1. Choose   Master Data   Accounts   Consolidated Balances  .

  2. Enter the Year, Currency, Significance Threshold, if desired, and the Version.

  3. Manually enter your consolidated account group balances or use the Download Template and Upload Template buttons to automate the process.

    Note Note

    You can manually mark an account group balance as significant or you can let the system do it for you based on Significance Threshold that you specified.

    End of the note.

  4. Choose Save.