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Lending Cloud Level 1 Agriculture Consolidation v2.1 Page 1 of 12
Lending Cloud Level 1 Agriculture Training Guide
Module 6 Consolidation
NOTE: Screen captures displayed may not always match each individual financial institution.
System configurations and user roles will affect functionality and appearance.
Lending Cloud includes the option to consolidate the Balance Sheets, Income/Expense, Debt
Schedule/Credit Relationships, Deposit Relationships, and Collateral Analysis of two or
more entities at a summary level to build reports and/or Credit Presentations.
For this example we will be using a primary agriculture business entity, XYZ Farms, an additional
agriculture business entity, ZYX Farms, and an individual entity, John Smith.
Before creating a Consolidation, the following preparation steps should be completed for each of
the entities listed above:
Create all Balance Sheets.
Create all Income/Expense.
o Link each Income/Expense to the appropriate Balance Sheet.
Enter your financial institution’s loans (in the training example these are Universal Bank loans)
to the appropriate Balance Sheet.
Link the Debt Schedule to the appropriate Balance Sheet.
o Do not double up! If a loan involves more than one of the entities, just list it on one.
As needed, enter the new/proposed loan to the Debt Schedule on the main borrowing entity
(XYZ Inc.).
Confirm the loans with your bank for each entity appear on their respective Debt Schedule.
Create a Collateral Analysis for each entity.
If your financial institution uses Deposit Relationship, confirm all deposits are entered for
each of the entities to be consolidated
Enter any Related Entities that are not one of the entities to be consolidated.
o For example: enter Joan Smith as a Related Entity for John Smith (his wife).
Create a new Customer Record for the Consolidation
1. Locator > Add Customer or
File > Add New Customer.
2. Complete the New Customer
Setup.
3. Include Global in the Business
Name (XYZ Farms Global).
4. Complete the remaining fields.
5. Save & Continue.
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Lending Cloud Level 1 Agriculture Training Guide
Module 6 Consolidation
Consolidation Setup
1. Select General > Consolidation > Consolidation Setup.
2. From the Consolidation Setup screen displayed below, click Select Entity to Consolidate.
3. Customer Lookup: select XYZ Farms, ZYX Farms, and John Smith.
6. Select the General Information
Models for the Individual Accounts
and Entity Accounts.
7. Check Copy Employment and/or
Copy Latest Credit Report as needed.
8. Click Save & Return.
4. Click the link (↓) to add the Customer
to the list.
5. Click Add to Consolidation Setup.
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Lending Cloud Level 1 Agriculture Training Guide
Module 6 Consolidation
Create Consolidated Financials
1. Enter the Balance Sheet and Income/Expense dates and descriptions per example below.
2. Click “None” in each column to select the Balance Sheet and Income/Expense from the pop
up for each of the Entities per example below. Determine display order as needed.
3. Select Save & Stay.
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Lending Cloud Level 1 Agriculture Training Guide
Module 6 Consolidation
Eliminations
To review and eliminate any duplication in the Balance Sheet and/or the Income/Expense
consolidations, select B.S. or I/E in the appropriate year to edit.
2. Select Save & Back.
1. Click B.S. in the Sample 3 Cons.
column to review any duplications
of Assets or Liabilities .
a. For example: XYZ and ZYX
both have the Real Estate
Land asset but the total is
only $1,000,000, not
$1,700,000. Long Term
Debt-Ours has a loan listed
for both XYZ and ZYX as
well. Eliminate the duplication as shown below.
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Lending Cloud Level 1 Agriculture Training Guide
Module 6 Consolidation
Update
2
1. Click Update.
2. Click OK when this popup appears.
3. If you only updated one entity, select the
specific entity to update, or Check All.
4. Save & Continue.
5. Click OK when the All entities have been updated popup appears.
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Lending Cloud Level 1 Agriculture Training Guide
Module 6 Consolidation
Create Consolidated Financials
Select Create Consolidated Financials to create the financial statements for XYZ Global after
the following steps have been completed:
1. Check the Show Financials in Credit Action box.
a. If you have already setup your Credit Action, you will need to refresh it separately
to ensure the new consolidated information has been included.
2. Eliminations (see page 4).
3. Adjustments to any of the Entities in the consolidation.
a. If you accessed one of the entities and made any adjustments, for example added as
asset for ZYX Inc. you would need to click Update for the consolidation to include
the additional asset.
4. Update the Consolidated Entities (see page 5).
5. Click Create Consolidated Financials.
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Lending Cloud Level 1 Agriculture Training Guide
Module 6 Consolidation
6. Select Mark All to consolidate the financials for all three years.
7. Select Consolidate Financials.
8. Select Trends Manager.
9. Drag and Drop the Balance Sheets and Income/Expense statements to the columns.
10. Save & Stay.
11. Click View BS Trends and View IE Trends for the XYZ Farms Global consolidated financials.
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Lending Cloud Level 1 Agriculture Training Guide
Module 6 Consolidation
Balance Sheet Trends
The Balance Sheet has an Agriculture section and a Personal section, the Grand Totals (fully
consolidated) are at the bottom of the page.
Only displaying a couple of small
sections of the XYZ Farms Global Balance Sheet Trends page.
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Lending Cloud Level 1 Agriculture Training Guide
Module 6 Consolidation
Income/Expense Trends
The Income/Expense Trends also has an Agriculture section and a Personal section, the Grand
Totals (fully consolidated) are at the bottom of the page.
Only displaying a couple of small
sections of the XYZ Global Income/Expense Trends page.
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Lending Cloud Level 1 Agriculture Training Guide
Module 6 Consolidation
Debt Schedule
The Credit Relationship tab is also populated with the consolidated information.
The information entered in the Debt Schedule for
each of the entities (XYZ Farms., ZYX Farms, John
Smith) is included in the XYZ Farms Global
consolidation on a new tab titled Consolidated Debt.
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Lending Cloud Level 1 Agriculture Training Guide
Module 6 Consolidation
Collateral Analysis
The Collateral Analysis created for each of the entities is not included in the consolidation and will
need to be created. After you create the Cons. Collateral Analysis any updates to the entities will
also be updated in the Cons. Collateral Analysis if relevant. Follow the steps to create a new
Collateral Analysis outlined in Module 5 for “Our” loans and “Prior” loans.
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Lending Cloud Level 1 Agriculture Training Guide
Module 6 Consolidation
End of Lending Cloud Level 1 Agriculture
Module 6 Consolidation