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Intercompany Invoice and Intercompany Bill elimination

edited Jun 2, 2025 2:49PM in Ask A Guru 9 comments

Hi There

My understanding of intercompany vendor bills and intercompany customers is:

Provided they are paired correctly; against accounts marked for elimination and have an elimination subsidiary, when running the period close task of :

'Intercompany eliminations', this should generate a journal which eliminates the invoice and bill.

Is this correct?

Thanks.

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