What is subgroup-consolidating entry in SAP FI-LC - Consolidation?

SAP Term: subgroup-consolidating entry

• Component: FI-LC

• Component Name: Consolidation

• Description: A subgroup-consolidating entry is one made to eliminate a parent's investment against the equity of an investee. The journal entries that accomplish the consolidation are typically: of investments Reclassifications on a group level

Smart SAP Assistant

• Key Concepts: 
  Subgroup-consolidating entry is a feature of the SAP FI-LC Consolidation component. It allows for the consolidation of multiple subgroups into a single consolidated entry. This feature is useful for companies that have multiple subsidiaries or divisions that need to be consolidated into one financial statement. 
  
  How to use it: 
  To use the subgroup-consolidating entry feature, first create a consolidation group in the SAP system. This group will contain all of the subgroups that need to be consolidated. Then, create a consolidation entry for each subgroup in the group. Finally, select the “Subgroup-Consolidating Entry” option when creating the consolidated entry. This will allow you to consolidate all of the subgroups into one consolidated entry. 
  
  Tips & Tricks: 
  When using the subgroup-consolidating entry feature, it is important to ensure that all of the subgroups are properly configured and have accurate data. This will ensure that the consolidated entry is accurate and up-to-date. Additionally, it is important to review the consolidated entry regularly to ensure that it is still accurate and up-to-date. 
  
  Related Information: 
  For more information on using the subgroup-consolidating entry feature in SAP FI-LC Consolidation, please refer to SAP’s official documentation on the topic. Additionally, there are many online resources available that provide helpful tips and tricks for using this feature.