Process consolidation eliminations

The Eliminations page is where you carry out the final step of Consolidation. It is where you eliminate intercompany transactions, balances, and activities within the group of companies to present a clear and accurate financial picture of the consolidated entity.

 Note: You are required to run the Bundle integrations and Adjustment integrations before you can proceed with this step.

To access the Eliminations page, click Consolidation > Consolidation > Eliminations.

Select on Status is an option you can use to select only the companies (in which changes have been made) that need to be re-consolidated.

Include dimensions is an option you can use to run eliminations when using intercompany detail on analytical dimensions.

Company Code - code identifying company.

Company Name - name of the company.

Conso - consolidation. When this is selected for a company, it triggers elimination—the last step of the consolidation process. It is Financial Consolidation that decides if it is necessary to perform this step.

Process eliminations

Select on status - select this option if you want only those companies that need to be re-consolidated.
Include dimensions - select this option to integrate the dimensions in T- journals.
Select the companies you want to include in the elimination process.

 Note: When Conso is selected for a company, it means that a modification has been made in the bundles or adjustments and that a new consolidation should be performed.
Click . Watch out for system prompts on the lower right-side of the page for notifications about the process.