Consolidated Financial Report Omits Intercompany Eliminations

Business Context:

A consolidated Balance Sheet report shows inflated receivables and payables between subsidiaries.

Root Cause:

Intercompany transactions (IC Sales/Purchases, Loans, etc.) are not being offset by elimination journal entries.

Resolution Steps:

1. Set up and review Elimination Subsidiary.
2. Ensure elimination schedules are configured and run properly.
3. Verify intercompany accounts are correctly mapped.
4. Check that report includes the Elimination Subsidiary.