Intercompany Elimination Input Form
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. A key functionality in this type of input form provides user-friendly input of “due to” and “due from” journal entries. Because the matching intercompany accounts are listed on the same row with a control/difference column, it is easy for the user to ensure that entries balance each other out. You will 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 of intercompany transactions that don’t balance or are entered with an incomplete audit trail.
Intercompany Input Form Example
Here is an example of an Intercompany Elimination Input Form.
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
- View 100’s of reporting, consolidations, planning, budgeting, forecasting and dashboard examples here
- Discover how the Solver CPM solution delivers financial and operational reporting
- Discover how the Solver CPM solution delivers planning, budgeting and forecasting
- Watch demo videos of reporting, planning and dashboards