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Eliminations - Equity
Hi Community
I am a new member, really hoping someone can kindly assist with an issue we have.
We have posted Advanced Intercompany journals for investments and equity between the parent and subsidiaries. However, the GL accounts relating to Equity do not appear to be picked up by the elimination entries. They have been correctly flagged in the journal and the GL accounts are are flagged to 'Eliminate' in the CoA settings.
The investment side of the journal is being picked up correctly within the Eliminations, but not the Equity. We are completely puzzled by this and would greatly appreciate some guidance.
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