Preparing journals

The Prepare Intercompany Eliminations process translates, matches, and creates adjustments for Intercompany Eliminations journals. These adjustments post to elimination or ownership units (depending on the journal type) during a consolidation.

Journals that are prepared by the Intercompany Eliminations process can be reviewed on the Intercompany Elimination Journal Analysis report. This report identifies the journal names, the reported amount, adjustment detail (if any), and the elimination or ownership unit the journal will post to during a consolidation.

The report is divided into these categories:

• Transaction sets that fall within the requested tolerance.
• Transaction sets that fall outside the requested tolerance.
• Transaction sets that include an investment or equity company as the affiliated unit.
• Transactions that are outside the scope of the journal.