Outlining Intercompany Elimination Options


After completing this lesson, you will be able to:

  • Outline intercompany elimination options

Configuring Accounts Payable and Receivable Eliminations

Robert typing on this computer

Now that you have matched and reconciled the intercompany transactions, you can move on to the integrated accounts payable and receivable eliminations.

When using Intercompany Matching and Reconciliation (ICMR), you have to option to eliminate intercompany transactions with the ICMR integrated solution.

Intercompany Elimination Options

There are two options in group reporting to perform intercompany eliminations. You can choose which one to use based on the following criteria:

  1. Rule Based
    • Total difference only

    • Execute from the consolidation monitor

  2. Integrated with Intercompany Matching and Reconciliation
    • Differences can be broken down into transaction, translation, and other

    • Execute from the consolidation monitor

    • Status is displayed in the Manage Reconciliation Close app

ABC Corporation decided to implement the integrated option because they need to separate transaction vs. currency differences. They also want to monitor the matching and elimination processes from the Manage Reconciliation Close app.

Eliminating Payables and Receivables

In the following video, you will learn about the integrated elimination solution.

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