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Summarize Reporting Hierarchies

Summarize Reporting Hierarchies

Owned by IFS Energy and Resources (Deactivated)
Last updated: Mar 19, 2025 by IFS Energy & Resources
2 min read

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Introduction

The post month end process includes updating reporting hierarchies. Before you summarize the reporting hierarchy, run Flatten Reporting Hierarchies.

Summarize Reporting Hierarchies

Reporting hierarchies are Summarized to take the detailed transactions at the lowest level (ie cost center) and builds the child/parent summary.

1. Navigate to the menu and select Financial → Summarize Reporting Hierarchies.

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Hierarchy Summary Build Mode

  • A – Actuals

  • B – Budgets

  • AB – Actuals and Budgets

  • V – Validation

Generally, this should be set to A.

Starting Acct Period Date

Specify the period you want to build the Hierarchy Summary for. This can be left blank to build the Hierarchy Summary for all periods.

Ending Acct Period Date

Specify the period you want to build the Hierarchy Summary for. This can be left blank to build the Hierarchy Summary for all periods.

  1. Click on Submit to build the hierarchies.

  2. View results in the Process Monitor for module MRSU129 to confirm process ran successfully.



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