If an account balance changes in a subsidiary company for a period you have already posted a consolidation journal for, you will need to re-run the consolidation workflow for that period and subsidiary so your consolidated financials will tie-out with the revised subsidiary financials. This also includes changes affecting opening balance sheets.
CONSOLIDATION JOURNAL ENTRIES POSTED AFTER FEBRUARY 5th, 2025 **NEW FEATURE**
If you need to re-consolidate financials for a given subsidiary/period and the original consolidation journal workflow was run after February 5th, 2025 then JustConsolidate will now auto-detect and delete the existing JE before posting the new entry.
IF THE EXISTING JE WAS POSTED BEFORE THIS DATE, YOU WILL NEED TO MANUALLY DELETE THE EXISTING JE BEFORE POSTING A NEW ONE.
After February 5th, 2025, Opening Balance Sheet and Period Consolidation journal entries that can be auto detected/deleted have a new unique Journal No. prefix label that begins with either OB, PD or BB followed by a unique QBO code for that subsidiary company (realm ID). This new Journal No. format enables JustConsolidate to accurately identify the correct journal for a company/period to be deleted. If the Journal No. for the existing JE does not align with this syntax (old formats), you will need to manually delete the existing JE before posting a new entry.
If an existing JE is detected for the company/period, an alert message will display enabling the user to accept or decline the deletion. The alert message also has a feature to permanently set the preference to always or never auto delete.
If you are changing the opening balance period for your consolidated financials, JustConsolidate will search all periods for an existing opening balance JE (Journal No. prefix beings with OB). The period consolidation workflow will only search the specific period being consolidated for an existing JE.