About Consolidation Hierarchy

The Consolidation Hierarchy page represents the summary of the company ownership records. The purpose of the Consolidation Hierarchy record is to add a consolidation hierarchy record reference to the transaction header, valid on the transaction date. This process enables the Financial Report Builder to create consolidated reports that reflect the structural changes during the fiscal year. To automate this process, we have included a batch process, Update Hierarchy Reference. Consolidation Hierarchy records are created manually as of now.

For more information, see Creating Consolidation Hierarchy Records.

For more information on how to update Hierarchy Reference to Transactions, see Accounting Task Launcher Overview.