If you maintain records for more than one business, you might find it beneficial to combine the account information contained in the general ledgers of each business into a single ledger. Once you consolidate ledgers, you can print reports that contain the combined information.

To use this feature, the companies you plan to combine must have the same account numbering scheme. For example, one organization cannot number their assets with numbers beginning with 3s, and another organization number their assets with numbers beginning with 2s. For more information on account numbers, see Establishing a Numbering Scheme for Your Accounts. The ledger accounts for all the organizations are sorted and combined. If the numbering schemes of the organizations you have consolidated do not match, you will receive an error report indicating the problem.

You must consolidate ledgers after you post to General Ledger or the consolidated reports will not include the latest posted transactions.