In our previous blog, we saw the options available in sage 300 ERP to clear and consolidate posted transactions, . Here, we will have a detail view of GL Consolidate Posted transactions which allows the users to consolidate of sum up all the transactions posted in particular account or range of accounts for a particular period. This feature can be accessed by navigating to General Ledger >> GL Periodic Processing >> GL Consolidate Posted Transactions.
Before consolidating any transaction in General Ledger lets print a Transaction Listing report for period 1 of Account 1020 which we will bring up later on to discover the changes done by GL Consolidate Posted Transactions
Let’s move on to GL Consolidate Posted Transactions screen, put filter on Account Type for account 1020 and enter all required details with Consolidate By option:
Going further, reprint the Transaction Listing report for same account 1020 to check out the changes made by Consolidating feature.
After consolidating all the data you will find following changes in Transaction listing report:
- The Batch-Entry number used on reports is CNSLD.
- The Description/Reference fields are set to CONSOLIDATED.
- The new posting sequence number is 0
- Source code is the one selected in GL Consolidate Posted transactions screen.
- Transaction date is last date of selected period.
In this blog we learnt that how we can make use of GL consolidate posted transactions to save disk space and reduce detail in reports by consolidating (combining) details in the accounts for which you do not need a permanent record of every transaction.
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