Configure Intercompany relations in Setup → Admin → Intercompany, to be used in intercompany elimination. IC transactions will be eliminated based on their IC relation. This can also be used for GLAs that have both a share of intercompany and non-intercompany transactions. Frequently seen examples include debtors and creditors.
This page has two parts: Intercompany relations and the Elimination start date toggle. For the elimination workflow itself, see Consolidation and intercompany eliminations: overview.
Intercompany relations
Intercompany relations can be managed in two views:
List view: add and manage IC relations one by one.
Matrix view: entities in rows and columns. In each cell you select the IC relation that applies between the two entities. Leave a cell empty when two entities have no intercompany traffic.
Can I set the counter entity per IC relation?
Yes. On accounts created from 1 August 2026, the matrix view in Setup → Admin → Intercompany tells Finstack which entity each IC relation belongs to. The elimination method "Eliminate IC relations" then also works correctly in sub-consolidations (a selection of entities): eliminations are scoped to the right entity pair automatically.
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Elimination start date
The Elimination start date toggle in Setup → Admin → Intercompany enables setting an elimination start date per general ledger account (in Finance → Intercompany → Eliminations). Transactions before that date are excluded from the intercompany elimination.
The toggle is off by default. Only enable it when you deliberately want to work with elimination start dates, for example when historic differences were closed with a Manual IC entry and automated eliminations should only apply from that date forward.