Consolidate and automate your manafucturing and distribution with xTuple ERP & CRM
Channel: xTupleERP
Date: 2019-03-12

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The purpose of multi-company consolidation is to allow companies implemented on separate databases to report on a single consolidated financial statement. An xTuple utility that synchronizes trial balances across these databases has been developed for this purpose. Child databases maintain company-specific trial balance data and a parent database receives copies of the data from each child.


The basic steps for multi-company consolidation are as follows:

Enable multi-company consolidation in the accounting configuration on a "parent" database.
Create company segments in the parent database that correspond with and are pointed to one or many "child" databases.
Create financial reports on the parent database that span all companies.
Conduct normal business transactions in all databases.
Synchronize companies.
View or print multi-company financial reports.
Synchronization may be conducted between any two (or more) xTuple databases, where one is the parent and the other the child. Synchronization with third party financial systems is not supported.