What is an Intercompany Elimination Input Form?

Intercompany Elimination Forms are considered month end consolidation tools and are used by Group Controllers and Accountants to manage any intercompany entries needed to complete the consolidation process. Some of the key functionality in this type of input form is that it provides user-friendly input of due to and due from journal entries. Because the matching intercompany accounts are listed on the same row and with a control/difference column, it is easy for the user to ensure that entries balance each other out. You find an example of this type of input form below.

Purpose of Intercompany Input Forms

Companies and organizations use Intercompany Input Forms to quickly and securely capture intercompany transactions. When used as part of good business practices in a Finance & Accounting Department, a company can improve its consolidation process and speed as well as reduce the risk that any intercompany transactions don’t balance or are not entered with a complete audit trail.

Intercompany Input Form Example

Here is an example of an Intercompany Elimination Input Form.

Intercompany Elimination Input Form Example

Intercompany Elimination Input Form Example

You can find hundreds of additional examples here

Who Uses This Type of Input form?

The typical users of this type of input form are: Group Controllers and Accountants.

Other Input forms Often Used in Conjunction with Intercompany Input Forms

Progressive Finance & Accounting Departments sometimes use several different Intercompany Input Forms, along with intercompany audit reports, consolidated financial reports and other management and control tools.

Where Does the Data for Analysis Originate From?

The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.

In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.

What Tools are Typically used for Reporting, Planning and Dashboards?

Examples of business software used with the data and ERPs mentioned above are:

  • Native ERP report writers and query tools
  • Spreadsheets (for example Microsoft Excel)
  • Corporate Performance Management (CPM) tools (for example Solver)
  • Dashboards (for example Microsoft Power BI and Tableau)

Corporate Performance Management (CPM) Cloud Solutions and More Examples