Transfer Balances
Explanation
This activity is used to enter the information required in order to transfer
balances to be used in the Group Consolidation process.
The Balance Transfer
Assistant can be accessed via the navigator or via the
Reporting Status page.
When the assistant is open from the navigator it is used to transfer the balances
from a single reporting entity. If balances are to be transferred from multiple
reporting entities at once, the assistant should be opened from the required
reporting entities in the Reporting Status per Reporting Entity list
in the Reporting Status
page.
Prerequisites
In order to perform this activity:
- A master company (i.e. a company with the Master Company for Group
Consolidation option enabled) should exist.
- The posting types GCP1 and GCP2 should be defined for
the master company.
- A reporting transaction type should be defined for the master company.
- A reporting entity should be defined and connected to the reporting
transaction type in the master company.
- A balance version should be defined for the master company.
- Reporting period range in the Open status should exist for the
master company.
- Code string mapping should be set up for the reporting entity.
System Effects
As a result of this activity:
- Balances are transferred to the master company based on the selected
input parameters.
- The transferred Income Statement and Balance Sheet will be balanced
by IFS. This is done by creating new transactions with GCP1 and
GCP2 posting types. (Note: This is optional for transfers
with planning sources i.e. budget balance transfer and business planning
balance transfer.)