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Consolidation of companies

Posted on by 50

Hello Everyone,

I am finding it hard to find explicit information on how to do elimination journal and what I have read this far is conflicting.  I am trying to find out after I have done the consolidation in V20.02 cloud base business central - I run the G/L Consolidation Elimination report which asked me to insert a journal template name and journal batch, so naturally I assumed it would insert the elimination entries into that batch. but nothing happened. Not only when I rerun the report, the list that was there before vanished and I can't seem to reprint or find those entries.

Everyone is talking about an elimination rule but that does not exist in Business central and there is no setup that I can see with all the video that I have watched that I did not setup.  Please am I missing something?

I think I have to do the elimination journal manually but how do I see which entries unless I scrutinise the whole trial balance of 16 companies which you can see, that would be a nightmare.

please don't refer me to this site Consolidation and elimination overview - Finance | Dynamics 365 | Microsoft Docs  because I just can't understand what they mean by consolidation online, I don't think this is for Business central V20.02 Saas.  I just don't have any option to post anything, anywhere - sorry a bit frustrated. 

  1. I prefer to post eliminations in a database. What are my options?

You have multiple options. You can use the Consolidate online option, and include eliminations during the process or as a proposal. The transactions will be posted in the consolidation company. Alternatively, you can have a separate company that you manually create the eliminations in, and then use that company in Financial reporting or in the consolidation process.

Thank you in advance for your help

Sylviane

  • Verified answer
    Marco Mels Profile Picture
    Marco Mels on at
    RE: Consolidation of companies

    No problem.

  • S.VanWyngaardt Profile Picture
    S.VanWyngaardt 25 on at
    RE: Consolidation of companies

    Thank you so much Marco

  • S.VanWyngaardt Profile Picture
    S.VanWyngaardt 25 on at
    RE: Consolidation of companies

    Hello Marco,

    Thank you for the reply - I think I have regained my sanity.  It seems I have to do the elimination manually from the elimination suggested report, although reading it carefully does imply that it will magically appear in a journal for me to post which is not the case.

    I will test this again.

    Thank you so much

  • S.VanWyngaardt Profile Picture
    S.VanWyngaardt 25 on at
    RE: Consolidation of companies

    Hello Marco,

    Thank you for the reply - I think I have regained my sanity.  It seems I have to do the elimination manually from the elimination suggested report, although reading it carefully does imply that it will magically appear in a journal for me to post which is not the case.

    I will test this again.

    Thank you so much

  • Suggested answer
    Marco Mels Profile Picture
    Marco Mels on at
    RE: Consolidation of companies

    Hello,

    I see where the frustration comes from. The link docs.microsoft.com/.../consolidation-elimination-overview you referred to is not for Business Central. It is for Finance and Operations (different product).

    What you are looking for is described here:

    docs.microsoft.com/.../finance-consolidated-company-reporting

    Or more directly to:

    docs.microsoft.com/.../finance-consolidated-company-reporting

    Hope it helps.

    Thank you.

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