Thanks for your reply!@Patrick Fresnosa-Oracle So, is Example 2 recommended for Inter-company Transactions? Intercompany COGS account UnMark Elimination Intercompany Transactions. And we don't need to Create an Elimination Journal Entry in the Elmination Subsidiary to write down the Intercompany COGS to zero, right?…

@Patrick Fresnosa-Oracle Looking forward to your reply! Thank you! I have checked that the Inter-company COGS account is not marked in the Elimination Inter-company Transacton, which are consistent with the entries in the screenshot you sent. However, the Inter-company COGS account in the consolidated statement is Not…

Looking forward to your reply! Thank you!@Patrick Fresnosa-Oracle Test 1 Conclusion: The Intercompany COGS account with Elimination Intercompany Transactions Mark, the balance of Intercompany COGS in the closing consolidated statement is 0, and the Cumulative Translation Adjustment-Elimination in the closing consolidated…

If one of the Intercompany COGS and Standard COGs accounts is a double offset, and the ending balance of the Intercompany COGS account in the Consolidated Income Statement is 0. Whether to create an elimination journal directly at the Elimination subsidiary (monthly) ? Dr: Standard COGS Cr: Cumulative Translation…

Looking forward to your reply! Thank you!@Patrick Fresnosa-Oracle Yes, it's all Consolidated Data. From Report > Finance > Balance Sheet/Income Statement, Subsidiary Context selects the top-level Parent Subsidiary (Consolidated) and Columnt selects the subsidiary. Just the Elimination between intercompany revenue,…

@Patrick Fresnosa-Oracle If it is a double offset, can you tell us what the solution is? Thank you!

Thank you for your answer! The majority of the balance in the CTA-E account comes from intercompany revenue and intercompany costs, and as can be seen from the consolidated income statement of Elimination subsidiaries, both intercompany costs and COGS are Elimination. Is this what causes the CTA-E balance to add up? But…

standard COGS(Cost of goods sold)Account does not check Eliminaton intercompany transactions.

Add the second screenshot Consolidated Balance sheet :Cumulative Translation Adjustment-Elimination=-3314013.86; Consolidated Balance sheet-Elimination Subsidiary :Retained Earnings+Net income= 3,314,013.82 ; Consolidated Income statement-Elimination Subsidiary :Net Profit/Loss=Intercompany Revenue-Intercompany Cost -Cost…

Thank you for your answer! On question 1: The balance of inter-company accounts receivable, inter-company accounts payable, inter-company revenue and inter-company cost is all 0, which should be offset by the balance. There is no doubt here. However, the Cumulative Translation Adjustment-Elimination of the balance of low…

Intercompany Transactions: Purchase of raw materials from external suppliers in Subsidiary C; Selling raw materials from Subsidiary C to Subsidiary B; Subsidiary B was finally sold to Subsidiary A. Subsidiary hierarchy：