Consolidation - residual account

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Posted on by MarkSweden

Hi all,

I'm trying to consolidate 3 companies (1 in SEK and 2 in EUR), when running the consolidation I get huge bookings on the residual account.
I thought it might had to do with currency settings, but when running the consoliidation for only the SEK company (consolidation company is also set up as SEK), I still end up getting millions in residual bookings.

Does anyone have a clue why this might be? Is there anyway to track/see more information where the residual account booking originate from?

Thanks in advance.

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Shauna Langley 893 Moderator on at

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Hi,

Are you able to share the way you have the business unit setup? Are you consolidating 100% and at LCY or reporting currency?

Thanks,

Shauna

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MarkSweden 12 on at

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Hi Shauna,

It was a pretty simple fix.

I discovered that a few accounts were selceted as "Exclude when consolidating" by someone/by mistake, and I guess therefore caused debit/credit inbalances that was posted to the residual account.

After fixing this the consolidation ran smooth.

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