Accountant, auditor, financial close ninja.
How GreenLine Consolidates Accounts
Our Account Consolidation Method is Called Rollups
We use a concept called rollups, when consolidating many accounts. Rollups show a single report that combines the numbers of all the consolidated accounts.
Once a rollup is created it applies to all imported GL accounts that fall under its ambit.
An assets reports is a good example. The report needs to consolidate all assets across the group. This is exactly what the Rollup functionality delivers. GreenLine can consolidate accounts across:
- Business Areas
- Individual Accounts
Once created a Rollup is applied at the next GL account import.
Rollups are managed in the same way as individual GL accounts, through the Rollup Ledger screen.
GreenLine has an easy-to-use tool that allows for the consolidation (grouping) of accounts.
Below is an image of the Rollup Manager - New Rollup create screen: