As you know the Application is able to calculate some automatic adjustment (elimination) during the consolidation process.
An elimination basically consists of two different steps :
> the elimination of the Actual TBs : on the same account, the account amount is written with opposite sign (in a different layer of course)
> the balance of the elimination : the same account (with opposite sign) is written in one or more plug accounts
Which are the setting to support such process ?
> The accounts that must be "eliminated" upon Intercompany elimination rules should be flagged in the current Screen
Unlock Account Criteria :
> the Account must be a Leaf Account
> the Account must be Strictly IC or IC and Others (please refer to Account Attribute Section)
> the Account must not be given an Investment Elimination Rule yet. This is extremely important : if an IC Account is twice flagged it will be repeatedly eliminated.
Alert Criteria :
The Alert is red flagged when :
> the Account is Strictly IC or IC and Others (please refer to Account Attribute Section)
> the Account is unlocked
> the Account has not been given any IC ELimination Rule Criteria
Press Save when Done.
IC Elimination
> IC Elimin Finance (Credit/Debit) Y/N
The Flagged Accounts are "Eliminated" in the Layer 10-01 IC Elimination and the Amount is plugged on the Plug Account that is linked to the Tech Account for Select 020 - Plug (IC Elimination of financial Debit/Credit)
> IC Elimin Finance (Rev/Exp) Y/N
The Flagged Accounts are "Eliminated" in the Layer 10-01 IC Elimination and the Amount is plugged on the Plug Account that is linked to the Tech Account for Select 090 - Plug (IC Elimination of financial Revenue/Expenses)
> IC Elimin Operation (Credit/Debit) Y/N
The Flagged Accounts are "Eliminated" in the Layer 10-01 IC Elimination and the Amount is plugged on the Plug Account that is linked to the Tech Account for Select 160 - Plug (IC Elimination of Operation Debit/Credit)
> IC Elimin Operation (Credit/Debit) Y/N
The Flagged Accounts are "Eliminated" in the Layer 10-01 IC Elimination and the Amount is plugged on the Plug Account that is linked to the Tech Account for Select 060 - Plug (IC Elimination of Operation Rev/Expenses)
Please refer to the L10-01: INTERCOMPANY ELIMINATIONS for full description of the process