Exploring the SBS Financials Suite – Consolidations
Whether your company operates in a single location with multiple departments, or multiple locations with numerous divisions, Consolidations efficiently handles all your financial reporting. When running SBS General Ledger, Consolidations supports organizational structures ranging from a single company to large organizations with multiple entities.
Fiscal Year
If your organization has multiple entities with different fiscal calendars Consolidations can handle all the reporting accurately and efficiently.
Chart of Accounts
Sometimes separate entities within the same organization have different charts of accounts. Our software can translate dissimilar charts of accounts into a common Chart of Accounts to ensure accurate reporting.
Consolidation Types
If you need to consolidate actual, budget, and statistical amounts, the system can do that.
Consolidation Control
You can customize the financial consolidation reporting information that you see and the way you see it:
- Allow users to control the consolidation of companies, entities within companies, and how the data is summarized
- Maintain a consolidation log to support and track your consolidation processing
- Generate a detailed audit trail of all distributions
This article on Consolidations is part of a series about our core accounting software.
