💡 Please skip this step if you only have a single entity loaded into Finstack.
To configure Intercompany eliminations, go to Finance > Intercompany and browse to the tab Eliminations. You will see an overview of GLAs. Select a GLA that you want to eliminate and configure in the side-panel:
Elimination method: Eliminate the GLA fully, per IC relations, per transaction
Counter entity: what is the paired entity for this elimination
Start date (optional): from what point in time should the elimination start
In the other tab Reconciliation, make sure to select the eliminated GLAs and Categorise them. Within every category, the in- and outgoing part should be equal and result in a zero sum. When there are still outstanding amounts, potentially eliminations are missing or accounting needs to be updated. Use the filters to browse through entity pairs.
💡 Find more details and tips on Eliminations and Reconciliation here.
👉 This was the final step of the setup (4/4): Get ready for your first reports!