What does Roll-Up Reporting accomplish in OneStream?

Roll-Up Reporting is a key feature within OneStream that specifically focuses on aggregating financial balances from child accounts and consolidating them into parent accounts. This process is essential for providing a comprehensive view of financial data at different levels of the organizational hierarchy.

By utilizing Roll-Up Reporting, organizations can ensure that financial statements reflect the cumulative performance of all subsidiary or child entities under a parent organization. This aggregation allows for efficient reporting and analysis, enabling stakeholders to understand the overall financial health and performance trends more clearly. It plays a critical role in financial planning, analysis, and reporting processes, ensuring that the information presented is both accurate and reflective of the entire entity.

In contrast, consolidating data for tax filings pertains to specific regulatory or compliance requirements and may involve roll-ups, but this is not the primary purpose of Roll-Up Reporting. Importing data from external systems addresses data integration rather than reporting structure, and updating user access levels relates to security and permissions rather than the financial aggregation of data. Thus, the focus on parent and child account balances distinctly defines the purpose of Roll-Up Reporting within OneStream.