How to add a new entity to a consolidated file

2. Click New to create a new subsidiary entity beneath the selected parent entity.

3. Input the name of the subsidiary, this will generate the subsidiary abbreviation used for reference on lead schedules and the journal entry screens.

4. If you have an existing Caseware file for the subsidiary, tick the box Existing file and browse to the file location.

If you do not have an existing Caseware file for the subsidiary and will be importing the subsidiary trial balance directly into the consolidated file, tick the box None.

5. The Include Prior Balances option must be ticked in the first year, however, after clicking Apply and completing the consolidation, you must return to this dialog and remove the tick.

This is to prevent prior year eliminating journals from being overwritten next time you consolidate. If this option remains ticked, you will need to manually re-enter all prior year eliminating journals after re-consolidating.

6. Fractional Contribution to Parent Entity should always be 100%. Minority interests, acquisitions and disposals are all dealt with by adjusting journals.

Enable account synchronisation should always be ticked as this tells you when the subsidiary accounts are changed.