Transfer External Balances
Explanation
This activity is used to transfer reported balances from the reporting entities
defined for the companies which are not in IFS.
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.
- External file should be defined according to the ExtReportedBalances
template or templates created using ExtRepBal external file type.
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.
- Balance transfer errors and warnings can be viewed in the Error
and Warning Log Detail window accessed via Balance Transfer
Log window.