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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / AX2012 Do I really nee...
Microsoft Dynamics AX (Archived)

AX2012 Do I really need to use “Profit and loss/Balance account for consolidation differences" for consolidation?

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Posted on by Community Member

Hi!

 I'm working in AX2012 and is performing consolidation online. From my perspective all balances from subsidairies should be transferred to the parent Company but it seems like in all manuals for AX2012 that system account for "Profit and loss/Balance account for consolidation differences". Is that really needed? If yes, why?

In my case I get a large difference on main account setup as "Profit and loss for consolidation differences" in parnet company and this difference is not currency translation but coming from a subsidairy company balance. I want to transfer all balances from the subsidairy company and I wonder why I need to post differences to any account at all in parent Company as I want ALL balances from subsidairy to be transferred?

Thank you for your help!!!

Regards

Helena Bring

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I have the same question (0)
  • Community Member Profile Picture
    Community Member on at

    What is exactly the problem? As long as you transfer all main accounts and as long as all companies have the same accounting currency, the consolidation differences account will stay empty.

  • Community Member Profile Picture
    Community Member on at

    Actually it turned out that all main accounts were not included in the consolidation and that's why the difference appeared. Hence, I have a new question. We have subsidairies using Accounting currency USD, EUR, INR etc and reporting currency SEK. The consolidation company uses SEK as both accounting and reporting currency. We would like to consolidate all subsidairies to the consolidation company without making any adustments to the exchange rate for reporting currency. Hence, all transaction amounts in reporting currency from the subsidairies should be transferred to the consolidation company. The optimal way would be to remove all system accounts posting exchange rate differences to make sure that nothing is posted for exchange rate differences. Is this possible? If not in the application maybe in Management Reporter? Thanks!

  • Ermal Curri Profile Picture
    Ermal Curri 32 on at

    Hello

    So what did u do about  "Profit and loss/Balance account for consolidation differences" ?

    What did u put as main acc to them?

    thnx

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