Learn about Redwood and be one of the first to join the conversation

Visit Redwood Community
Elimination Entries — Cloud Customer Connect
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

Elimination Entries

Received Response
edited May 13, 2019 10:59AM in General Ledger & Intercompany 3 comments


we are implementing consolidation and used "Reporting Only Consolidations" as all companies use the same COA, Calendar, Currency. there are 4 companies with 4 ledgers. 
for the purpose of preparing Combined Financials statements, we've created a separate ledger for entering elimination entries. 
my question is, in the elimination ledger, it right to create separate elimination company for each subsidiary (4 companies) or create only one elimination company or not to create any other companies in company segment and use the same companies values?? 

Howdy, Stranger!

Log In

To view full details, sign in.


Don't have an account? Click here to get started!