Hi Paul,

Thanks for reaching out. Did you ever find an answer for this issue? 

In your Sage 50, see the F1 button on the keyboard to launch the help guide. Once launched, search for how to "create a consolidated company" file.

When a business owns one or more business or is owned by another business (a parent company), generally accepted accounting principles (GAAP) require that all financial entries (from subsidiaries) be merged or “consolidated” into a single statement for tax purposes, usually at the end of each fiscal year.

You can consolidate all subsidiaries into a single consolidated parent company. Subsidiaries can have data based on Sage 50 Pro edition or higher, but you must upgrade all such branches to the same version year as the parent company. All subsidiary accounts must also be mapped to the chart of accounts of the parent company during consolidation.

The Consolidation wizard walks you through the process of creating a consolidated company in a few simple steps. When you run the wizard, a chart of accounts for the consolidated parent is created; it is based on the parent company’s chart of accounts. To ensure accurate reporting, the Consolidate Company wizard helps you to match subsidiary company accounts to the consolidated parent’s chart of accounts.

Hope this helps!

Warm Regards,

Erzsi