Available in Sage 50 Premium Accounting and higher.

Reconsolidate Company

Related topics

Read a checklist of conditions that must be met for reconsolidation

Set up a new company

Set up a consolidated company

Perform other company tasks

Read the company consolidation overview

This lets you remove unwanted subsidiary companies or add new subsidiary companies to an existing consolidated company. The window is available only for consolidated companies.

The reconsolidation process deletes all transactions created within the consolidated company during the original consolidation. If you have added any new subsidiary companies during reconsolidation, transaction data is instead imported into the consolidated company from those added subcompanies (as well as existing subcompanies).

Note: While reconsolidation wipes out any transactions created in the consolidated company during the original consolidation, all manually entered or edited transactions are retained. Also, all maintenance and chart of account information you have entered is retained, as well as any reports and financial statements generated within the consolidated company.

  • From the File menu, select Reconsolidate Company.

The Reconsolidate Company window appears with available Sage 50 companies listed in the Available Sage 50 companies list box. All existing subsidiary companies appear in the Selected subsidiary companies list box.

  1. To add any of the listed available companies to the subsidiary companies on the right, select that company and then select the Add button.

    2. The chosen company is moved to the list of subsidiary companies.

  2. To remove any of the subsidiary companies from the consolidated company it's a part of, select that company in the Selected subsidiary companies list box, and then click the Remove button.

    3. The chosen company is removed from the list of subsidiary companies and is placed in the Available Sage 50 companies list box.

  3. If you want to reconsolidate using available companies that do not appear in your default Sage 50 data path, select the Browse for More Companies button.

    4. The Select Company to Add window appears.

  4. Select the appropriate data path and the available company you want to use as a subsidiary company in the reconsolidation. Once you select this company, it will be placed in the Selected subsidiary companies list box of the Reconsolidate Companies window.
  5. Continue adding and removing subsidiary companies until your consolidated company is ready for consolidation.

When you're finished adding and/or removing companies to consolidate, there are a couple of optional tasks to complete.

  1. Do one of the following:
    • If you want to reconsolidate budget information for the consolidated company so that the budget information reflects budgets for the subsidiary companies you've added, leave the Reconsolidate Budgets check box checked.
    • If you do not want to reconsolidate using budget information from the added subsidiary companies, uncheck the check box.
  2. If any of the subsidiary companies you've added require a user name and password to grant user access, select the Passwords tab.

    3. The added subsidiary companies appear in the Company column at the left of the grid.

  3. For each company appearing on the left side, enter the required user name and password in the User ID and Password columns.

When finished setting up your company for reconsolidation, do one of the following:

  • Select the Reconsolidate button to reconsolidate the company and exit the window.
  • Click OK to save all your settings and exit the window. Then you can return to the Reconsolidate Company window at a later time, work more on the reconsolidation if desired, and choose the Reconsolidate button to reconsolidate the company.