Why Your Company Should Use QAD for General Ledger Consolidations

Posted on: December 31, 2017 | By: Andy Vitullo | QAD Financials

QAD’s Enterprise Edition General Ledger has embedded general ledger consolidation software tools.  With QAD’s consolidation software you can:

·         Consolidate your source ledgers daily into a transient layer to support intra-month enterprise wide financial reporting.

·         Ensure the results are compliant with FASB Statement 52 regarding currency translation accounting.

·         Use General Ledger Layers for elimination accounting within the consolidation general ledger.

·         View intercompany trading partner results in consolidation to facilitate easier elimination accounting. 

·         Drill down from consolidation results to source transactions.

Layering another general ledger package on top of QAD operational general ledger will require additional software expenses, additional software skills and an additional server to support the consolidation.  Leveraging QAD’s GL consolidation software will allow your business to push down the consolidation work to accounting resources at the lowest level without adding additional overhead to perform this month end effort. 



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