The following steps contain everything you need to help you create a consolidation company in TASBooks.

The following steps contain everything you need to help you create a consolidation company in TASBooks.

Before you start

Before you begin to consolidate your companies in TASBooks, you must:

• Take a backup of your companies' data.
• Check that each company has the same accounting periods and financial year.

Tip: You can check this within each of the relevant companies from Central > Central Information > Maintain Accounting Period Dates (option 021).

• Check that each company has the same retained earnings nominal account.

Tip: You can check this within each of the relevant companies from Central > General Company Information > TASBooks Configuration (option 012).

• Check that each company is set up to be included in the consolidation.

To set up a company to be included in the consolidation

1. Open TASBooks > log into the relevant company.
2. Central > General Company Information > Company Configuration (option 011).
3. Company > Chart of Accounts > Company Consolidation > select the This Company can be included in a consolidation check box.
4. To set the consolidation password > Set Password > enter a password > OK.

Note: You must enter the same password for each company that you want to consolidate.

5. To continue > OK > Yes.
6. Repeat the above steps for every company that you want to be included in the consolidation.

To create a consolidation company

1. From the TASBooks Company Manager window, select Add New.
2. Enter your company name, address and contact details > Next.
3. Select the companies you want to merge together to form the consolidated company > Next.
4. Enter the consolidation password for the selected companies > Next.
5. To create the consolidation company > Finish > Close.

Note: Once you create a consolidation company, you can't edit it. So if there's any changes in the merged companies, such as new nominal accounts, you must delete the original consolidation company and re-consolidate your companies again. You should also do this, if you've recently upgraded from an earlier version of TASBooks and have existing consolidated companies that you want to update.