Available in Sage 50 Premium Accounting and higher.

Create a New Company - Subsidiary Companies

This window lets you combine the charts of accounts of a number of existing Sage 50 companies to create a new consolidated chart of accounts. The new consolidated company created in this way will let you see consolidated financial statements for the subsidiary companies operating under that umbrella organization. For more information about consolidating companies, see the "Consolidate Companies" overview.

1. In the Available Sage 50 companies list box, the companies contained in your default Sage 50 data path appear. To add any of these companies to make a new group of subsidiary companies, select it in the list box, and then click Add.

The chosen company moves to the Selected subsidiary companies list box.

2. Repeat step 1 for each subsidiary company you want to consolidate.
3. To remove any selected subsidiary company and return it to the Available Sage 50 companies list box, select the company, and then click Remove.
4. If you want to consolidate subsidiary companies that do not appear in your default Sage 50 data path, click Browse for More Companies.

The Select Company to Add window appears. letting you select the appropriate data path and the subsidiary company you want to consolidate.

5. Select the appropriate data path and the available company you want to use as a subsidiary company in the consolidation. Once you select this company, it will be placed in the Selected subsidiary companies list box of the Create a New Company - Subsidiary Companies window.
6. When finished adding subsidiary companies, click Next to continue setting up your company.