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About Divisional Consolidations
You can consolidate divisions using a typical consolidation method or the binder rollup method.
Typical Divisional Consolidation
This process combines the Organizer information for each division within the consolidated group which enables the system to prepare a consolidated tax return and supplemental schedules.
Binder rollup method
This method combines the Tax Accounting System (TAS) data of the underlying divisions (which aren't legal entities) and then transfers the combined TAS data as if it's 1 legal entity to the consolidated Organizer.
With this method, there's no combined or consolidated reports in the Organizer.
To activate binder rollup in a Divisional Consolidation, go to
Binder Properties
and select Activate Binder Rollup
.
This article applies to:
- PRODUCT: ONESOURCE Income Tax
- Return type: 1120 Corporation
- Subject: Consolidations