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Small and medium business | Business Central, N...
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Consolidation Elimination Company

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Posted on by 650

Hello,

Im looking into setting up consolidation between multiple companies we have set up in the system. Searching online i have seen mentioned to set up an eliminations company. Does anyone have more information on how this would work?

The only material i can find is to do eliminations manually so im not sure how a stand alone eliminations company would work, or what its benefits would be

Thanks!

I have the same question (0)
  • Suggested answer
    Marco Mels Profile Picture
    Microsoft Employee on at

    Hello,

    This is our standard docs:

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

    Thanks

  • Suggested answer
    Community Member Profile Picture
    on at

    Andy,

    As an Accountant and Implementer/Solution Architect, I am attaching my 2 handouts I have on Intercompany and Consolidation. I have setup several dozen companies using Intercompany and Consolidation and it is very easy just follow the steps outlines and take your time and test. Remember that all Business Units will consolidate to the Consolidation Company and there is where you GAAP/IFRS elimination entries will post.

    Hope this helps.

    Thanks,

    Steve

    Consolidation_2D00_Intercompany_2D00_MultiSite.zip

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