Auto Eliminate

Once Auto-Balancing has been completed, it is necessary to follow-up with the Auto-Elimination process.

This is done in order to zero out Inter-Company (‘internal’) transactions at a consolidated level by raising and posting journals to an elimination entity at the consolidated level.

The elimination process can either be performed at just the selected consolidation level, or at all sub-consolidation levels up to and including the selected level.

The process for Auto Elimination is similar to that of Auto-Balancing.

From the menu ribbon, select ICB Auto Eliminate

In the first window you will notice that the only entities listed are the consolidated entities which include elimination entities.

Select the Consolidated Entity required, and if necessary, tick Eliminate All Sublevels to include eliminations at all sub consolidation levels.
Click Next to continue.

From the following windows, select the Time periods, Versions and ICB Variables that require Auto-Elimination.

Finally select if you want to have Reversing Journals and if you want to Auto Post the journals.

Click Generate to run the elimination process.

!You may encounter a message telling you that a particular entity/version combination is locked and that the process wants to unlock that data in order to proceed. Click Yes or Yes All if you are happy to proceed. Any data that is unlocked data will be re-locked as the process completes.