Before running your first period consolidation, these are the basic steps to complete as part of your one-time setup;


COMPANY MAPPING

  • connect each of your QBO companies to JustConsolidate
  • designate which company is the 'consolidation parent' company


CHART-OF-ACCOUNT (COA) MAPPING

  • map the accounts of each subsidiary company to an account in the parent COA
  • COAs can be different across all your QBO companies



CTA / HISTORICAL ACCOUNT (Foreign Currency Consolidations only)

  • designate the account in the parent company COA for booking currency translation adjustments
  • optional - designate balance sheets accounts to be translated at historical rates


OPENING BALANCE SHEET (Optional)

  • start your consolidated financials in an alternate opening period