Consolidate G/L Batches
Use this option to specify whether to combine transaction details for the same general ledger account into a single detail, or to send unconsolidated transaction detail to General Ledger. You can select:
- Do Not Consolidate If you select this option, separate details are kept for each bank transaction. During bank setup, select this option so that you have a detailed record of the setup entries.
- Consolidate by Account and Fiscal Period If you select this option, all transaction details with the same account number and fiscal period are combined into one detail. For example, all service charges, interest income, and other transactions entered in Bank Services within a given fiscal period are consolidated to show a total amount for each General Ledger account.
- Consolidate by Account, Fiscal Period, and Source If you select this option, all transaction details with the same account number, fiscal period, and source code are combined into one detail.
Note: The posting date for consolidated entries is the last date of the fiscal period.