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How to eliminate investments and share capital of an acquisition on consolidation
Hi,
We are a group which makes many acquisitions. When doing consolidation each month end, the elimination of share capital and investment values between a parent subsidiary and an acquired child subsidiary is not a straight forward elimination - the share capital and investment values do not match so eliminating in the same way as intercompany won't work. The elimination is complicated by entries to goodwill and, in our case, intangible and tangible assets.
I can't find any information on SuiteAnswers on this subject. We are happy with the accounting required, it's how best to set up and automate these elimination entries on NetSuite that I need help with??
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