IFS Applications 8.0

Consolidate Accounts

IFS/Consolidated Accounts™ manages all companies within a group, regardless of number, code structure or base currency. Both actual and budget values can be handled, periodically for legal purposes or whenever required for internal purposes. Subsidiaries’ code structure can be transferred in full or aggregated, with or without translation to a parent code structure. When required, currencies are translated according to user-defined rates. Follow-up and reporting are enabled by the general ledger’s regular query and reporting tools.