How does “Adjustments, consolidation and the comparative year” work on the Draft Accounts page?

An adjustment is a balanced draft journal — debit, credit, amount, narration — overlaid on the figures before the statements are built; it is never written to the ledger. A group or sub-group draft is a consolidation, not a sum: the agreed part of each intercompany loan and trading balance is eliminated, sales matched to the other company's bill are removed from turnover and costs net of VAT, and each parent's investment is set against its share of the subsidiary's capital, the difference shown as a consolidation difference; whatever does not agree stays in and is listed, so the reader sees the break rather than a figure that hides it. For one company, the prior-year column can show the signed accounts' figures from the Signed Accounts shelf instead of the ledger's, which differ wherever the accountant's year-end adjustments were posted later. Where: Draft Accounts (/accounts/draft-accounts).