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Remove intercompany COGS from consolidated reports

edited Jun 6, 2025 5:59PM in Ask A Guru 4 comments

Even after running the 'Eliminate Intercompany transactions' period close task, the Intercompany COGS account is still shown in the consolidated reports. There are different intercompany transactions like advanced interco JE and intercompany paired PO and SO. The Eliminate checkbox in COGS account is marked.

There is a related enhancement currently logged under '403900 - Intercompany Elimination Entries to hit COGS and Inventory Accounts'.

Could you suggest the Journal entry to be passed in the elimination subsidiary so that the intercompany transaction impact is removed from the consolidated reports? Which account should we ideally use against the interco COGS account in the adjustment journal?

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