Review and revise the consolidated return
After the application finishes the consolidation, it provides some review tools to alert you to any potential errors within the consolidation.
Review diagnostics and overrides
Before printing the consolidated return, you should review both diagnostics and overrides. Diagnostics give you information about possible errors in the consolidation. To review diagnostics:
- SelectView, thenDiagnosticsfrom the menu bar. A screen will show the diagnostics.
- Select the diagnostic to go to the input field and make any corrections.
- Recompute the return.
Use subview
Subview
is a special feature that lets you review the amounts from each subsidiary included in the consolidation. Follow these steps from any Tax Form or Organizer field within the consolidated return:
- Position the cursor on the selected field, right click then selectSubviewfrom the context menu.
- A window shows the amounts from each division or the eliminations making up the total.
- If you need to make changes to a division, select the line for that amount.
- The application opens the return for that division and takes you to the selected field.
- You can make changes and selectCloseon the toolbar to close the return. This returns you to the divisional consolidation.
important
If you change any amounts in the division, you'll need to reconsolidate.
Review consolidations
You can go to the following review tools from the
View
menu:- Diagnostics
- Overrides
- Transfer Errors
If you select any of these, the
View
menu opens the Diagnostics, Overrides and Transfer Errors
window. - Hyperlinks— This opens theRelatedwindow that displays related tax data. Selecting an item takes you to that item.
- OLE Attachments— This opens theLinks and Attachmentswindow.
- Subview— This helps you review consolidation data.Subviewis a special function which enables you to review a division’s data file from the consolidated return. This is especially helpful when processing consolidations with a large number of divisions.Subviewis available for all fields on the consolidation return.
Consolidation tips
The success of the consolidation process depends on the following guidelines within the individual return. The following are important considerations:
- The consolidation return, where the merged numbers reside.
- Where to enter the general information data you want to appear on the consolidated return.
- Where and how to list the returns involved in the consolidation.
- Consistency between returns about the level of data entry.
Other considerations include:
- Clear all overrides at the division level to avoid unexpected results when you are consolidating. If you don't, the system may ignore the underlying detail that might be required during consolidation to perform accurate limitations in certain areas (for example, charitable contributions or gains and losses).
- Don't enter data directly on the consolidated return except for required consolidated data and consolidated overrides. If you enter overrides on fields, that data will be removed when the application consolidates or reconsolidates the return. You may lock an override on the field by highlighting the field and selectingLockfrom the submenu. We don't recommend Override. Overrides cause the detail schedule to show adjustments.
- Don't enter overrides on detailed information carrying from division to divisional consolidations. The overrides will be washed out when the return is reconsolidated, even if the overridden field has been locked.
