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Intercompany Plug Account On The Balance Sheet

Received Response
edited Apr 9, 2021 4:18PM in Financial Consolidation and Close 1 comment


Opening balance throwing off the intercompany plug account balance


Intercompany Plug Account

We have a set of intercompany accounts that eliminate against one plug account that sits in current liabilities.  In this case, the set of intercompany accounts spans P&L and Balance Sheet accounts.

The intercompany matching report is in line with the HFM intercompany matching report and shows the same final out of balance, which in HFM matches the plug account balance.  In FCCS the eliminations and plug account are only based on current movements, therefore not including the opening balance in its calculation.  This is in contrast to the intercompany matching report which presents the full account balance matching against its partner.  We have the situation where one account has a portion of the balance in opening balance and the other in current movements and with the nature of these accounts, this

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