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.