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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.

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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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