Define Intercompany Elimination Rules
Explanation
This activity is used to define the the intercompany elimination rules which
should be used in the Group Consolidation process. The purpose of this activity
is to define how intercompany trade should be eliminated from the consolidated
result.
Prerequisites
In order to perform this activity, a master company (i.e. a company with the Master Company check box selected in the
Company/General tab) should exist.
System Effects
As a result of this activity, rules for how intercompany trade should be
eliminated in the Group Consolidation process are defined for the master
company.
Window
Intercompany Elimination Rules
Related Window Descriptions
Intercompany
Elimination Rules
Procedure
To define intercompany elimination rules:
- Open the
Intercompany Elimination Rules window and create a new record.
- Enter an ID for the elimination rule in the Elimination Rule
field, and a description in the Elimination Rule Description field.
- Enter values in Account From and Account To fields. The
List of Values can be used to select the required accounts. Note that
accounts from the Balance Sheet and the Income Statement cannot be mixed in
the same rule.
- Enter values in Matching Account From and Matching Account To
fields. The List of Values can be used to select the required accounts. Note
that accounts from the Balance Sheet and the Income Statement cannot be
mixed in the same rule.
- Select a value for the Elimination Posting Method field to
specify whether the intercompany trade balances should be eliminated from
the original accounts or from accounts defined for the GCP9 and
GCP10 posting types in IFS\Posting Control.
- In the Valid From Period field, enter the period from which the
elimination rule is valid.
- Repeat steps 2-6 in order to enter all the required elimination rules.
- Save the information.