Possibilities of Elimination without Intercompany declaration

Matteo Pittonet

Hi,

I was wondering if with the current Consolidation rules is possible to eliminate Revenue/Costs amount only by knowing that these accounts are Intercompany type (Without having intercompany declaration)

The amount to be eliminated (in this case) is the total amount of the Intercompany accounts and the total difference should be managed accordingly with the use of a plug account.

Regards

Nathan Hewat

Hi

This isn't possible using the standard IC elimination rules.  There are two straightforward methods to achieve what you're looking for that I'd explore first:

1. Create a custom Revenue/Expenditure rule that eliminates the balances irrespective of the Intercompany dimension element to which they are posted; this can be achieved by making minor adjustments to the standard rule(s).
2. Keep the standard rules but ensure, via the ETL process used, that all balances for these accounts are posted to a default Intercompany element (e.g. the group's topco, or some other group company). 

If you need assistance on this, there are various colleagues that have created similar solutions and who can help - don't hesitate to reach out to your local GPS contact.

Best
Nathan