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Hello,
I have a subsidiary owned equally with an other investor (50% each)
the method of consolidation to use is proportionate consolidation
I have to consolidate only 50% of the subsidiary. That is possible with consolidation on line.
I want to eliminate only 50% of the accounting entries of the parent company and I didn't find a way to do that with the consolidation on line process.
exemple
parent company sell 1000 $ to subsidiay
in the consolidation company we will find :
debit : customer 1000 - credit : turnover 1000
we add 50% of the subsidiary accounting entry
debit purchase 500 - credit vendor 500
In the Elimination process, we should have the ability to eliminate 50% of the selling accounting entry. that way, we keep in the group the other 500 turnover out of the group.
I didn't find the way to do that. Elimination rules eliminate all the accounting entries selected without without being able to select a percentage.
do you confirm that there is no way to do eliminate proportionally.
BR,
Karim BELHEDI
KPMG
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