Adding Subsidiaries to a Consolidated Engagement

You must add at least one subsidiary when creating a consolidated engagement. You can add additional subsidiaries after creation. See Editing Subsidiary Information in a Consolidated Engagement. You can have up to 100 subsidiaries per engagement.

To add subsidiaries on the Subsidiary Setup page while creating a new consolidated engagement, enter the following information into the grid:

  1. Enter the company name in the Subsidiary Name column. Name can be up to 75 characters. All characters are valid.

  2. Enter a short name for the company in the Short Name column. Short name can be up to 30 characters. These special characters are not allowed ‘ | : “ , ( ) The short name is displayed in column headers, and in the Trial Balance Links (TB Links) with a “Pro” license. If you change the short name after creating TB Links, the links will be broken.

  3. For tax consolidations, enter the CLIENT ID.SUB ID for the client if you intend to link tax balances to a CCH Axcess Tax return; otherwise, you can leave the field blank and the application will automatically fill in the CLIENT ID.SUB ID from the parent engagement. The CLIENT ID.SUB ID must be setup in advance in Client Manager in the CCH Axcess Dashboard.

    Note: Changing the CLIENT ID.SUB ID after linking to a tax return will break the link to the tax return.

  4. Enter a percentage of the subsidiary owned by the parent in the % Owned column. This is optional and for informational purposes only. It is not used in the application.

  5. The Tier column will display a “1” and cannot be changed at this time. In the future you will be able to create multi-tier consolidations and indicate which tier the subsidiary belongs to.

  6. You can change the order of the subsidiaries in the grid by clicking and dragging the handle at the far left of a subsidiary. Release the handle when the subsidiary is in the desired location in the list. The order of the subsidiaries in the grid is the order they will display in the trial balance and leadsheets and drop-down lists.

  7. Click Create to create the consolidated engagement and subsidiary entities. You will be navigated to the home page and the new engagement will be at the top of engagement list.

  8. Click on the engagement to open. You will be navigated back to the Subsidiary Setup page. Here is where you import a trial balance for each subsidiary entity.

  9. Do the following as needed:
    • Import trial balances for the subsidiary. Click Import in the Trial Balance column for a subsidiary to import that subsidiary's trial balance. See Importing Trial Balance Data for information about uploading a trial balance.

      Note: Once you have imported a trial balance, a View link displays in the Trial Balance column for the subsidiary. Click this link to go directly to the trial balance page for the subsidiary.

    • Continue to the engagement. Click Engagement View to go to the Engagement View page for the consolidated engagement.