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.)