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Secondary Balance Eliminations

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edited Feb 3, 2021 2:49PM in Financial Consolidation and Close 2 comments

Summary

Secondary Balance Eliminations

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Hi All,

Our ERP CoA setup is as follows:
- Entity - Primary Balancing Segment
- OU - Normal segment
......
- Account
- InterEntity Segment

The OU segment represents various areas of our business. While this is not a balancing segment there are certain cases where within one entity diff segments talk to each other (e.g. E1, OU1 and OU2 have Rev / Exp relationships). A sample entry would look like this:
E1.OU1...Exp.NOICP Dr
E1.OU2...Rev.NOICP Cr

Initially when we built our FCCS (older version), we merged the Entity and OU together creating a lot of combinations that kinda helped us with the elims (as ICP accounts were known).

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