Consolidating Companies

[danmac]

Hi All,

Ok, so I have read through the help section on "Consolidating" and it still seems pretty vague and I'd like to do this one time...correctly if I can.

All I really need to do is create a Consolidated Financial statement for the 2 companies I work with. Is there some other reference material available that explains more throughly what is necessary to consolidate 2 companies?

I will list a couple examples of questions I have causing my confusion:

1. One company has payroll and the other company does not. So...how can I have exactly the same chart of accounts for both companies with the same Identifiers?

2. Is it possible to have an account in one company and simply not have a matching account in the other company?

Thnk you for reading and any help available.

Dan

[rick Prindivill]

In order to consolidate, the two companies must be using the same accounting period structure, the same Retained Earnings GL Account Number. When you create the consolidation company, the program will identify any problems during the new company setup, if applicable.

[casioh]

I would like to know this too. Also, do you continue to operate the g/l within each company seperate and then perform a consolidation each time you want to print the financial statements? I have read all the info that I can find re: consolidations using peachtree but I still feel like all my questions have not been answered. Where else can we go to find info?