Consolidated
In accounting, consolidated means presenting a parent and the entities it controls as one economic entity, with intercompany balances and transactions eliminated.
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- Lexicon
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- 1
Authority
This definition follows ASC 810.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
Consolidated, in use
Quoted from the 3 documents that use the word — what it does to an interface, in the spec's own sentence.
Elimination entries are source: "elimination" and exist only at the consolidated level.
Standalone and consolidated are visually distinct, not just differently labeled — the consolidated view carries a persistent scope chip.
NetSuite additionally has per-book and consolidated rates, so "the" base amount is not a single number.
Lopifi APIs: Xero, QuickBooks Online, NetSuite — Dates, numbers, currency
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- group alone
Components that render the terms it depends on
No component names this concept outright. Its definition is built out of terms that are named. These render intercompany.
12Close, controls & consolidation
Family specNearby in the catalog
No component names this concept outright. These are the ones in its part of the system, which is a weaker claim — but a component nothing links to is a component nobody finds.
7Dashboard & charts
Family specTerms this one depends on
Also in Statements
Work with this concept
The calculators that compute it and the ledger payloads that carry it. A definition is where a reader starts; these are where they go next.
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.