Update a Consolidated Company

If you have created a consolidated company, you can generate consolidated company reports to monitor and compare business performance for one or more companies. To ensure that your reporting results are current, or when you want to start a new year, update your consolidated company on a regular basis. This report is only available for Sage Simply Accounting Premium and higher.

Note: If you have set up password security for a company, you must have full access rights to consolidate or update a consolidated company's data.

To update your consolidated company:

1. Ensure that no other users have a consolidated parent or subsidiary company open.
2. Open your consolidated parent company (.csi file) in single-user mode.
3. In the Home window on the File menu, choose Consolidated Company to start the Consolidation wizard.
4. Choose the option to update this consolidated company, then click Next.
5. Click in the first column to select the companies with new transactions that you want updated in the consolidated company. You can choose a different file location, if required, and then click Next.
6. If you want to save a copy of your data before consolidating, click Back Up (recommended), or click Next to continue without backing up.

Note:  If you encounter a problem during consolidation, the consolidation wizard stops and you can print an error report. After correcting the error you can restart the consolidation wizard.

7. When consolidation is complete, click Finish.

To compare each company's performance, generate consolidated company reports: balance sheet, income statement, and trial balance.