Finstack partners
Finstack users have access to a network of experienced financial professionals that can take care of any challenges arising from their administration. Please reach out to support@finstack.io to get an introduction to one of our partners, such as Greyt.
Frequently asked questions
Are my IC Eliminations correct?
Are my IC Eliminations correct?
First, eliminate all the general ledgers that have an intercompany relation on the Intercompany page (Finance > Entries). The Reconciliation page is intended to review the IC eliminations. On this page, you can group the GLAs and see by period if they zero out.
Things to consider when not getting to 100% elimination. Make sure:
there are no underlying issues in your administration (e.g. incorrect/incomplete IC entries)
you have everything in scope (e.g. include all accounts are IC)
to catch the more complex cases (e.g. participations, booking Result during the year)
A good strategy to follow is to start with the largest differences first and work backwards. Make sure to configure the counter entity when possible, and use the entity filter to go over the eliminations per entity pair.
If you need additional help or review, please reach out to support@finstack.io to get an introduction to one of our partners.