What this article covers
A Manual IC entry is a correction or supplement to your intercompany eliminations, posted directly in Finstack. It's useful when source data is incomplete or contains historical discrepancies that you cannot — or don't want to — fix in your ERP.
For the broader consolidation and elimination workflow, see Consolidation and intercompany eliminations: overview.
When should I use a Manual IC entry?
Manual IC entries are not a primary elimination method — the automated methods (Eliminate fully / IC relations / per transaction) should do most of the work. Use a Manual IC entry when:
You need to close a historical gap that cannot be fixed in the ERP (e.g., legacy booking discrepancies between entities, FX-rate differences between administrations, missing IC entries in a counter-entity).
You need to align directly with the annual accounts (consolidation statement) for a specific period.
You want to use the combination pattern: post a Manual IC entry to clean up historic differences up to a chosen date, then let the automated elimination methods take over from that date forward (via the Elimination start date field on each GLA).
How do I create a Manual IC entry?
Go to Finance → Intercompany → Eliminations.
Click Manual IC Entry (top right) to open the form.
Fill in the header fields:
Entity — the entity you want to correct.
Entry Date — the posting date for the adjustment (use a past date to correct an older period).
Add one or more elimination lines:
Account / Account Description — the General Ledger Account (GLA) to adjust.
Transaction Description — a brief explanation (e.g., "Invoice reallocation", "Historic FX correction").
Counter Entity — required; the paired entity for the elimination.
Debit / Credit — use Debit to eliminate IC revenue or assets, Credit to eliminate IC costs or liabilities. Finstack automatically posts the offsetting amount on the [IC difference] GLA to balance the entry.
Click Add transaction for additional lines.
Click Save.
The new entry appears in the Intercompany overview, labelled as a manual adjustment.
How do I edit or delete an existing Manual IC entry?
Go to Finance → Intercompany → Eliminations and open the IC Entries tab.
Locate the manual entry.
Edit to adjust the values, or use the delete action to remove it.
Once you save the change (or delete), the entry — and its impact on the elimination overview and reports — updates immediately.
FAQ
Does a Manual IC entry override my ERP records?
No. Manual IC entries live entirely within Finstack. Your ERP data remains unchanged. Coordinate with your accounting team so everyone is aware that the figures in Finstack include manual adjustments not present in the ERP.
How do I correct a period that's already closed?
Set the Entry Date to a date within the closed period when creating the Manual IC entry. The correction will be applied as of that date.
How do Manual IC entries come up in reports in Finstack?
Manual IC entries flow into consolidation and intercompany elimination reports in Finstack the same way automated eliminations do.
Can I correct an FX (exchange-rate) difference between entities with a Manual IC entry?
Yes — this is one of the most common use cases. If entity A and entity B booked the same IC transaction at different exchange rates, the resulting difference can be cleared with a Manual IC entry without re-booking anything in the ERP.
Why can't I save my Manual IC entry?
Check the following:
Required fields filled — Entity, Entry Date, Counter Entity, and at least one Debit/Credit line.
Currency set correctly for the entity.
Debit and Credit totals balance — the lines must net to zero.
If all of those are correct and saving still fails, reach out via the chat interface within Finstack.
Best practices
Use clear descriptions. A description like "Invoice reallocation" or "Historic offset" helps your team understand later why the entry exists.
Limit Manual IC entries to genuine gaps. The automated elimination methods should remain the foundation; Manual IC entries are for closing residual differences only.
Coordinate with accounting. Because Manual IC entries don't sync back to the ERP, make sure your accounting team knows which adjustments live in Finstack only.