Link intercompany eliminations to rules

On the Intercompany Elimination page, you have the ability to establish automated intercompany eliminations for variances that fall below the threshold you specify on the Define IC Rules page. By doing so, you can effectively document intercompany conversion discrepancies and actual variances on designated accounts (note that a specific elimination must be activated). Intercompany elimination is the process that a parent company goes through in order to remove transactions between subsidiary companies in a group.

The Intercompany Elimination page is accessed from the Define IC Rules page when you click .

Set up automatic intercompany eliminations

1. In the Account Number field of the Elimination Code, click .

2. From the Select an Account pop-up, select the account for which you want to set up the automatic elimination and click .

3. Click .

4. To return to the Define IC Rules page, click .