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Consolidation of multiple Legal Entities that are sharing the same Primary Ledger and 4Cs

in General Ledger & Intercompany 4 comments

Hi Experts,

In our business, there are about 19 Legal Entities, but they all share and post into the same Primary Ledger and share the same currency AED.

I have to consolidate the balances of all these Legal Entities and eliminate the Intercompany transactions to report the consolidated balances of all 19 LEs.

Since it is only one PL, there is no COA mapping, CONSOL ledger required.

How can I achieve this? - Is FRS a better option? OR is there any other best option available to consolidate at Legal Entities level?

Please help!

Thanks,

Dhana

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