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Eliminate Intercompany Transactions

This step is required only if you have posted intercompany transactions.

Navigate to the Consolidation Period End Closing page and click the Eliminate Intercompany Transactions button.


GoldFinch will automatically create a General Journal to reverse intercompany GL Entries and convert them to the parent’s base currency

  • Elimination GL Ledger will be used for the General Journal.

  • The difference due to currency translations will be posted to the Cumulative Translation Adjust Account set up on the Company Setup.


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