What is consolidation entry in SAP FIN-CS - S4HANA Financial Consolidation?

SAP Term: consolidation entry

• Component: FIN-CS

• Component Name: S4HANA Financial Consolidation

• Description: The journal entries that transfer standardized financial data to the consolidated financial statements. These include: Elimination entries for interunit payables or receivables Interunit revenue or expense Consolidating entries on a group level Consolidation of investments

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• Key Concepts: 
  A consolidation entry is a type of journal entry used in SAP S4HANA Financial Consolidation to combine the financial data of multiple companies into a single set of consolidated financial statements. This process is known as consolidation and is used to provide an accurate picture of the financial performance of a group of companies. 
  
  How to use it: 
  In SAP S4HANA Financial Consolidation, consolidation entries are created by the system administrator. The administrator will define the consolidation rules and select the accounts that need to be consolidated. Once the rules are set, the system will automatically generate the necessary consolidation entries. 
  
  Tips & Tricks: 
  When creating consolidation entries, it is important to ensure that all accounts are properly mapped and that all transactions are accurately recorded. Additionally, it is important to review the entries regularly to ensure that they are up-to-date and accurate. 
  
  Related Information: 
  For more information on consolidation entries in SAP S4HANA Financial Consolidation, please refer to the official SAP documentation. Additionally, there are many online resources available that provide detailed instructions on how to create and manage consolidation entries.