Validating Intercompany Elimination Allocation Rule Implementation
Summary:
Hi everyone,
I'm working on implementing an intercompany elimination allocation rule in our General Ledger with a specific organization structure. I'd like to validate my understanding and see if anyone has any recommendations for improvement
Content (please ensure you mask any confidential information):
Scenario:
• We have three primary ledgers with local Charts of Accounts (COAs) but a common USD currency:
o Primary Ledger 1: COA1, USD, Company value 01
o Primary Ledger 2: COA2, USD, Company value 02
o Primary Ledger 3: COA3, USD, Company value 03
Consolidation Strategy:
• To achieve consolidation, we're using secondary ledgers for each primary ledger with automated, subledger-level transfers. All secondary ledgers will use the same "CONSOLIDATED COA" and USD currency.