The Steps in Processing Automatic Journals
The table shows the steps in creating, defining
and running automatic journals.
| Step | Description |
|---|---|
| 1 | Step one registers investments as a basis for the acquisition value calculation. |
| 2 | Step two activates the pre-defined automatic journals to be used. |
| 3 | Step three defines control tables for acquisition calculations, intercompany balances and intercompany profit, for example, calculations of minority share and equity shares as well as elimination of intercompany balances. |
| 4 | Step four creates new, user-defined automatic journals if the pre-defined automatic journals are not sufficient. Their control tables are defined. |
| 5 | Step five enters period data, for example, profit and loss statement, which will be the basis for most automatic journals. |
| 6 | Step six performs consolidation, which includes the calculation and booking of all automatic journals. |