Every month we copy our GL data into a new folder in order to import our subsidiary trial balance and run consolidated financial statements. This morning, I'm getting a signon failed message. Do you have any idea what is causing this?

Other than the obvious "you've mistyped the user name or password", there is little assistance to offer. You may need to place a call to your Adagio Consultant.

The path to the currency and eztasks.ld4 files were different. I changed the path to eztasks and it opened successfully. Rachel

Hi Rachel,

There is a better (faster and easier) way to do consolidated financial reporting for rolled up subsidiary reporting, of subsidiaries using the same or different Home Currencies.

Part of the solution, we would be recommending Adagio FX, that would simply pull from both Adagio companies (Ledgers), to create a consolidated reporting entity with full segmented or consolidated financial reporting. And if you wanted to see a real cool option also available using Adagio FX, consider a 3rd configured Adagio company created as say Elimco, that you could post any applicable elimination entries between the 2 operating companies. And roll the Elimco (GL) entries as permanent elimination entries into your FX consolidations. All FX retrievals can be set up to run unattended every night so your FX consolidation is as current as last night's postings.

We have clients that have been using this type of solution for years.

If you have different home currencies, it is a few more steps that your Adagio consultant can explain to you. but still works with Adagio FX.

And if you wanted to save even more time, consider X-Company for Adagio that allocates vendor invoices, customer deposits, and periodic Journal Entries (and possibly Job Cost entries) between related companies, with self balancing Due To/From accounts. No more photo copies of invoices (that get lost) but rather lots of fun stuff that saves gobs of time by eliminating the time spent reconciling Interco Due To/From accounts.

Best,
Brian