Creating a Consolidated Engagement

When you create a new engagement, you will have an option to create either a “Financial” or a “Tax” consolidated engagement where account balances will be summed up across all subsidiaries at either the financial group and sub-group level or the tax group and sub-group level.

You can view the trial balance data and reports at either the consolidated level, or a subsidiary level.

To select the entity to view, do the following:

At the top of the page, click the icon.
Select the entity you want to view. The consolidated entity is always the first item on the list. Then, each subsidiary with an imported trial balance is listed in the same order as they appear on the Subsidiary Setup page.

The data that displays on the page is for the selected entity.

Notes:

The consolidated balances are in real time. If you change balances in a subsidiary, the consolidated balances will immediately be updated.
Each consolidated engagement will count as two engagement licenses (Pro or Essentials).
The year-end date and tax entity type for the subsidiaries must be the same as the consolidated engagement.

To create a consolidated engagement, do the following:

Click on the navigation bar to go to the Engagement List page.
On the Engagement List page, click Start New Engagement.
Enter the client name. As you type, the client list from the CCH Axcess Common Client database opens and filters based on the characters you type.

Note: You cannot add a new client from Engagement. You must go to Client Manager in the CCH Axcess Dashboard to add new clients.

Enter the engagement name. The engagement name, ID and year-end date must be unique for a client.
Enter the ID if needed, this field is optional.
The Country field will default based the application URL. You can select any value available in the drop-down list. This is a required field.
The Currency field will default based on the country selected. You can select any value available in the drop-down list. This is a required field.
Enter the engagement description if needed, up to 32 characters. This field is optional.
Enter the charge code if needed, up to 50 characters. This field is optional.
Enter the due date if needed. This field is optional.
Select the responsible staff if needed from the drop-down list. As you type, the staff list from the CCH Axcess Common Staff database opens and filters based on the characters you type. This field is optional.
Select Year-end date.
Select Period start and Period end dates.
Note: Only annual periods are allowed.
Select the engagement type from the list.
Select the module that you would like to use for the engagement. See CCH Axcess Engagement Licenses for more information about the modules.
If applicable, select the Knowledge Coach title from the list that you would like to use in the engagement.
Select the type of tax entity.
Select Yes for Is this a consolidation?
Select either Financial or Tax for the type of consolidation.

Note: You cannot consolidate by both financial and tax groups and sub-groups within the same engagement. If you want consolidated totals for both financial and tax, you must create separate engagements.

Click Next.
Select Yes or No for Is this a multi-tier consolidation? to continue either Adding Subsidiaries to a Single-Tier Consolidated Engagement or Adding Parent and Subsidiary Entities to a Multi-Tier Consolidated Engagement.