Closing a Foreign Subsidiary entity within Navision

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Hi.

We have a wholey owned legacy subsidiary who's functional/reporting currency is foreign. It is consolidated into the Group which reports in GBP (Navision handles the consolidation and translation).

The entity is being liquidated.

What is the best way to handle this within Navision?
Is there any guidance material available?

Thanks

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Jens Glathe 6,092 on at

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Hi C Lord,

the remaining assets go over to another company in your group? Last time I had to support this, we created the business unit in the target company, and posted the closing balance of the liquidation into it with this business unit code. This way you can see the remains easily by filter. In the source company, we just posted a closing balance (after close income statement). After this, all accounts should have a zero balance. Depending on your setup you could use the consolidate function for parts of this. AFAICR, I created a custom job that filled in the transfer journal and the closing journal in both companies.

with best regards

Jens

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