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Consolidations

Use the consolidation compute

  1. Open a Top Consolidation binder.
  2. In
    TAS
    , select
    Consolidate
    .
  3. Select the appropriate consolidation options at the top of the
    Consolidate
     screen.
  4. Before starting the consolidation process, select from these options:
    1. Consolidate this binder and compute and consolidate all binders with computes pending
       - Select this option when you're ready to compute and consolidate members of this consolidation. Any binders set as read only won't compute. If you only want to process this consolidation and not underlying consolidations, don't select this option.
    2. Consolidate this binder and compute all binders with computes pending plus consolidate and compute all underlying consolidations regardless of compute state
       - Select this option to compute and consolidate all members. When you select this option, any non-consolidated binders will also be computed. The compute of each member binder will use its own Update Federal TAS, State A&A, and State TI, Transfer Informational settings during the compute.
    3. Include related partnerships that use K-1 or A&A transfer
       - Select this option to compute and consolidate all partnership binders with corporate partners that are a part of this consolidation. These are the partnerships that flow to some members of this consolidation and they use the K-1 or A&A transfer feature.
    4. Include related foreign members and foreign partnerships
       - Select this option to compute and consolidate all foreign entity binders and foreign partnerships that are international members in this consolidation. International computes aren't included with this process.
    5. Refresh history
       - Select this option to update each consolidation's historical balances from the prior year related binders.
  5. Select
    Consolidate
     to start the compute and consolidation processing.

This article applies to:

  • Product: ONESOURCE Income Tax
  • Return type: 1120 Corporation
  • Subject: Consolidations

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