Process elimination transactions using the Consolidation, Online form [AX 2012]

Updated: January 29, 2014

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

You can use the Consolidate [ Online ] form to process elimination transactions for consolidation legal entities, if you prefer to complete the consolidations at one time and validate the information before processing eliminations.

If there are previous consolidation transactions for the legal entity, date range, and account range, the transactions will be removed and consolidated again.

You must create an elimination rule before you create elimination transactions. For more information, see Set up elimination rules for transactions.

  1. In the consolidation legal entity, create a journal name with an Elimination journal type in the Journal names form. (Click General ledger > Setup > Journals > Journal names.)

  2. In the consolidation legal entity, create an elimination rule with the consolidation legal entity as the destination legal entity. Define lines for the accounts for which transactions must be eliminated.

  3. Consolidate transactions from the subsidiary legal entity into the consolidation legal entity using the Consolidate [ Online ] form. (Click General ledger > Periodic > Consolidate > Consolidate [Online].)

    The selections in this form determine how the eliminations journal is posted:

    • If you select Post only in the Proposal options field, the eliminations journal will be posted when you click OK in the Consolidate [ Online ] form.

    • If you select Proposal only in the Proposal options field, you must post the eliminations journals in the Post journals form. (Click General ledger > Periodic > Journals > Post journals.)

    NoteNote

    If the destination legal entity for the elimination rule is not the same legal entity as the consolidation legal entity, you must post the elimination journal in the elimination legal entity, and then complete another consolidation for the elimination legal entity.

  4. Print the consolidated financial statements. For more information, see About traditional financial statements.

    NoteNote

    We recommend that you use Management Reporter for Microsoft Dynamics ERP to combine the financial results for multiple legal entities in a consolidated format. Management Reporter lets you create consolidated financial reports across legal entities, use Microsoft Excel to import consolidation data from other sources, and translate amounts into any number of reporting currencies without having to run the consolidation process in Microsoft Dynamics AX.

    For more information about how to consolidate transactions by using Management Reporter, see Financial consolidations and currency translation.


Announcements: To see known issues and recent fixes, use Issue search in Microsoft Dynamics Lifecycle Services (LCS).

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