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

What is the best practice to create intercompany elimination for profit and loss

Summary:

What is the best practice to create intercompany elimination for profit and loss

In our scenario we have 2 legal entitys same country share the same calendar, currency and COA. One primary ledger and one secondary ledger.

The 2 legal entity transact with each to other but their lines need to eliminate the revenue and the expenses when the accountant wants to see their trial balance consolidate the 2 legal entity.

We set balancing rule to elimnate Receivable and Payable account using Intercompany segment

We create one set of ledger with the porpose to see that elimination but not sure

How can the best practice to achive this customer requirement?

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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