Abstract: A system for accounting comprises a processor and a memory. The processor is configured to determine one or more accounting rules based at least in part on an accounting object. The processor is further configured to determine accounting for the accounting object based at least in part on the one or more accounting rules. The memory is coupled to the processor and configured to provide the processor with instructions.

Abstract: A system and method is provided for utilizing proforma processing on adjustments in consolidation processes. The system comprises a proforma consolidation processor configured for consolidating at least one adjustment entry received from an adjustment journal. The proforma consolidation processor only performs consolidation on the at least one adjustment entry. The results of the proforma consolidation is then output to a pending journal. An inquiry module allows display of the pending journal along with current consolidation ledger balances. If the results of the proforma consolidation are acceptable, then a post module posts the pending journal and the at least one adjustment to the consolidation ledger.