Create group structure

Product subscription required: IRIS Elements Accounts Production Enterprise

Group accounts are currently available for limited companies only.

Before you begin

• Create standard accounting periods for all companies.

• Make sure the standard accounting periods of all companies overlap.

Create a group

1. Select the parent company from the Clients list.

2. Go to Relationships, then Group structure.

3. Select Add undertakings.

4. Search by client name or ID.

5. Select the clients you want to add to the group.

   You can add information for multiple undertakings at the same time.

6. Complete the required information for each client:

   • Shareholdings (%)

     Shareholding percentages are for informational purposes only and do not drive any calculations — manually adjust trial balances as needed.

   • Effective from

   • Effective to — Optional

   • Type — Choose from the following types:

     • Subsidiary — controlled by the parent, usually through majority shareholding. Included in consolidation by default.

     • Associate — the parent has significant influence but not control. Excluded from consolidation by default.

     • Joint venture — jointly controlled by the parent and one or more other parties. Excluded from consolidation by default.

Subgroups

When an undertaking in the group is a parent of its own group, its undertakings will be included in the wider group structure as a subgroup.

You can have up to 3 levels of subgroups within a group.

Select Subgroup next to an undertaking's name to show its subgroup structure.

Next step: Complete Entity Setup for group period