Three Basic Parts

Automatic journals consist of three basic parts that work together: control tables, calculation parameters, and automatic journal types.

The control tables, where you define which accounts that should be used in the elimination and interact with a number of calculation parameters, for example, consolidation method, calculation method and owned percentage. Please note that calculation parameters primarily relate to conditions, selection methods, calculation methods and rules in the Maintain/Configuration/Automatic Journals/Define menu. The base information for the calculations is either in the investments register, or in the period database. The result of the performed calculation is booked as an automatic journal (a kind of company journal) for the relevant company. Bookings with automatic journal types are usually stored on the same database identity as the basis of the calculation (reported values and manual company journals), but you can also book them to a certain journal type.

Note: The reported values always remain in place after a consolidation. You book the eliminations to various automatic journal types, which means that you get clear information on what happens to the various amounts.