Automatic eliminations & account-level overrides
Eliminations at group and account level — without frustration
Say goodbye to manual errors and time-consuming intercompany reconciliations in spreadsheets. Internal transactions are eliminated automatically based on group structure and counterparty codes. If needed, you can easily override with account-level eliminations.
Eliminate the heavy lifting
With the consolidation solution, intercompany transactions are automatically eliminated based on group structure and counterparty codes — including correct posting to the designated elimination entity at the right level.
At the same time, you can handle accounts that shouldn’t be eliminated automatically (such as investments) using your own account-level rules. You decide how and where eliminations happen.
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Based on group structure:
Eliminations respect ownership hierarchies and post correctly at each level — from subsidiaries to the parent company. -
Uses counterparty codes – automatically:
When transactions are marked with a counterparty, they’re automatically eliminated and documented with vouchers. - Override with account-level eliminations: Easily set up your own rules and accounts for manual eliminations — a smarter alternative to spreadsheets.
Eliminate accurately — no matter where in the group the transaction occurs
In a group with multiple company levels, it’s critical that eliminations are booked in the correct elimination entity.
The consolidation solution tracks ownership structures and counterparties, ensuring that transactions between subsidiaries and parent companies are posted correctly.
This way, you can generate consolidated reports — with or without eliminations — at every level.
Elimination at the right level:
Transactions between entities at different levels are booked in the correct elimination entity.
Supports partial consolidation:
Generate reports across selected companies and levels — with or without eliminations.
Updatable group structure:
Ownership changes can be updated continuously without rebuilding spreadsheets.
Accurate eliminations. Full control and compliance.
Whether you need automatic transaction eliminations using counterparty codes, intercompany accounts that zero out, or manual balance eliminations — the consolidation solution handles it all. With clear documentation and eliminations posted at the correct level, you can be confident your reports are accurate.
Ditch the spreadsheets for a tool built for consolidation.
