The consolidated closing processes and reports are run from the Consolidated Closing menu displayed below.
The consolidated trial close process accumulates general journal transactions entered in the holding company books as well as the transactions from the subsidiary companies. After the consolidated trial close process is run, the consolidated closing reports should be printed and studied to verify the correctness of the account balances.
The next step is to run the final close process on each subsidiary company. When all the subsidiary companies have been closed, the final close process is run on the holding company books. The consolidated financial reports can now be printed.