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Elimination
After reconciliation and settlement of discrepancies, eliminate intercompany transactions. To do this, use the Elimination document.
In the Elimination document, specify an elimination period, a scenario, and a perimeter. Click Fill in entries. The system processes the intercompany transactions data in accordance with the reconciliation and elimination template specified for the period and scenario, and generates entries based on this data.
You can edit the list of entries in the document manually. When you post the document, the entries are saved to the Transformational adjustment document, which makes entries to the accounting register. Transformational adjustment is displayed in the Transformational adjustment document field. You can view the generated entries here.
In the Adjustment processing method field, you can select one of the following values:
Do not process
Reverse
Repeat
If perimeter companies keep transactional accounting under IFRS, you can select the Generate accounting register data check box to record entries in the accounting register. Based on this register, you can later create a trial balance report instance under IFRS after the intercompany transaction elimination. If transformational accounting is kept, select the Correct related indicator values check box. Entries will be recorded directly to the trial balance report instance under IFRS as there is no accounting register.
To adjust entry details displayed on the Transaction entries tab, select the respective check boxes in the Display settings section.
The Resulting adjustments tab displays objects affected by these entries.
For example, if the report instance indicators are adjusted, this tab displays the adjusted report instance. You can open this report instance and see the adjustments.
Principles of generating entries:
If accounting by GL accounts is selected, entries are generated based on the GL accounts specified in the source data of intercompany transactions in correspondence with the technical account for elimination.
When the service elimination method or elimination by balance sheet items is specified in the settings, the application uses the reconciliation indicator to fill the entry amounts, but with the opposite sign.
In more complex cases, such as inventory or NCA elimination, multiple entries are generated. One of them matches the source value for reconciliation with the opposite sign, while the others are calculated based on multiple indicators for reconciliation.
The filling results generate a protocol that opens automatically if errors occur. To open the protocol manually, in the document, click Show protocol. To drill it down, in the protocol window, click Show full protocol.
You can also send it to responsible people by clicking the respective button.