Create binders for consolidations
Once you create the entities, create the binders.
important
Create the elimination binder first because it must be added to the consolidation binder.
- Select theEntityfor the binder.
- SelectAdd,Binder.
- Enter the name of the binder. This won't print on the return as it's only for reports and reference.
- Go toCharts.noteOnce chart assignments have been made for a binder, they can't be changed.
- SelectFederal Chart of Accounts.
- Select theCharts of Adjustmentsfor the elimination entity.
- Because adjustments are made at the lower entity levels (parent/sub/elimination), Charts of Adjustments don't need to be identified at the consolidation level.
- Go toOptions.
- Verify the closing and rounding options.
- Enter aRound up to the Amount of:number
- SelectSave.
