Hello. We consolidate three companies monthly. This has been working great for years. However, I have a few of questions.
We found an entry from 2004 that was not included in the consolidation.
If we consolidate the entire 2004 year - will this delete the monthly consolidation data that has already been posted? If I need to get the 2004 monthly detail again - can I simply consolidate by each month in 2004 again?
It appears that when you reconsolidate a past period that it reverses the original entry and post a new one (unlike closing a period more than once which simply adds to the already closed period). Does that sound correct?
Any issues that you know of by consolidating for a whole year instead of each month?
Thank you very much,