Consolidations or divisions


L

Larry

Is it possible to do consolidations of seperate companies in QB? And if not,
does anyone deal with seperate corporate divisions within one company? Hows
the best way to make that work?

Thanks
Todd
 
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K

Karl

Larry said:
Is it possible to do consolidations of seperate companies in QB? And if
not, does anyone deal with seperate corporate divisions within one
company? Hows the best way to make that work?

Thanks
Todd
The Enterprise Solutions version has a built in consolidation feature. For
Pro and Premier you will need third party program. Some are listed on the
Intuit Market place site at http://marketplace.intuit.com/

For corporate divisions within one company you can use Classes for PL
accounts but you need to use separate accounts for balance sheet accounts.
 
L

Laura

Larry said:
Is it possible to do consolidations of seperate companies in QB? And if
not, does anyone deal with seperate corporate divisions within one
company? Hows the best way to make that work?

Thanks
Todd
Another solution is to have consistant COA that would allow you to quickly
consolidate the financial reports using excel. Export the separate reports
and set up a template reporting process that adds the individual FS into a
total page. This is a lot cheaper than upgrading to Enterprise as it will
work with any version of QB.
 
T

Todd

Assuming its possible to do through quickbooks (or whatever accounting
program), I find it a) easier b) less prone to error and c) faster then
using excel. But its always an option.

Thanks
 
L

Laura

True but the cost of upgrading to Enterprise might not be worth it for just
this feature.
 
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K

Karl

Agree

We have a progam that transfers data from multiple QB company files into a
single "Consolidating" QB file where each company is automatically setup as
a separate class. The companies don't have have the same charts of accounts.
See the Report Combiner at www.q2q.us
 
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