Reconciliation and Status Option
It is important to reconcile each company according
to the rules for the reconciliation before you perform the consolidation.
You should also do this when the reconciliation is performed automatically
with the status enabled.
The status function checks the following:
- That all companies in the group have data.
- Entered data has been reconciled regarding the rules for reconciliation.
If the Ignore Invalid Reconciliation and Missing Data is selected, it means that the consolidation will continue despite differences and despite if data is missing. If Ignore Invalid Reconciliation and Missing Data is not selected, the consolidation process will end if there are differences and/or missing data or conflicts with the settings in the general configuration.
For more information, see Reconcile between Accounts and Opening Balances by Automatic Journals.