G/L Consolidation Eliminations (report)
The G/L Consolidation Eliminations report is used during intercompany (IC) financial consolidation to remove duplicate revenue and expense balances. It ensures consolidated financial statements are free of double counting by eliminating internal entries, which is essential for compliant reporting.
Run this report after you post all intercompany (IC) transactions to ensure accuracy.
Use cases
Remove internal transactions between companies during financial consolidation to avoid duplicate revenues and expenses. Run this report after posting all intercompany transactions to ensure accurate and compliant group-level financial statements. Use it to streamline consolidation and maintain the integrity of financial reporting.
Tip
Tip:
Here are some tips on how to use the report:
- Always run this report after all IC transactions are posted.
- Review the output to ensure all expected eliminations are captured.
- Use with your consolidation schedule to maintain accuracy.
Controllers and financial analysts can use the report to:
- Eliminate internal transactions between entities during financial consolidation.
- Ensure group-level financial statements reflect only external transactions.
- Maintain compliance with financial reporting standards by avoiding duplication.
Auditors can use the report to:
- Verify that intercompany entries are properly eliminated.
- Confirm the integrity of consolidated financial data.
Try the report
Try the report here: G/L Consolidation Eliminations
Tip
Tip:
If you hold down the CTRL key while you select the report link, the report opens on a new browser tab. In this way, you can stay on the current page while you explore the report on the other browser tab.
Related information
Set Up Company Consolidation
Built-in key finance reports
Ad hoc analysis on finance data
Financial analytics overview