Who can use this feature
Role: Owner, Admin, Staff
Plan: Available on the Standard, Plus, and Advanced plans
In the Review section, you can see a clear breakdown of each elimination and the net effect of your eliminations. This is useful because you can easily see if your eliminations are offsetting intercompany transactions as they should be.
📓Note
You must be working on a consolidated entity to use this feature.
How to use this tool
To use the elimination review tool, navigate to your consolidation and, within there, Review and then Eliminations. From there, you can review the impact of eliminations across the consolidation and its underlying entities, from both the account and transaction perspective.
To expand the information, click on the arrow next to the elimination's name.
What this helps with
We love this feature because it empowers you to check that your eliminations are offsetting correctly in no time. If consolidation eliminations stop offsetting, you will want to investigate what's gone wrong.
Perhaps the companies recorded the wrong amounts or there was a big impact of forex. You won't know if you can't see that the eliminations aren't offsetting appropriately.
With this tool, you are equipped with the knowledge you need to go and investigate your eliminations and correct any errors. Thus, this tool serves as an excellent control for your company.