General Ledger & Intercompany

Get Involved. Join the Conversation.

Topic

    Balakrishna sivappagari
    Can you please provide me steps for the deleting the...
    Topic posted November 15, 2019 by Balakrishna sivappagariRed Ribbon: 250+ Points, tagged Allocations, Intercompany 
    28 Views, 3 Comments
    Title:
    Can you please provide me steps for the deleting the intercompany transactions in Cloud application.
    Summary:
    Can you please provide me steps for the deleting the intercompany transactions in Cloud application.
    Content:

    Hi,

    Can you please explain me how to delete the intercompany transactions via allocations. I am not able to find this topic in oracle docs as well.

    Please provide me steps for the same.

    Thanks in advance

    Regards,

    Bala

    Comment

     

    • Cezar Enache

      Hi Bala,

      Please check the below doc: How to Remove Rejected Intercompany Transaction from Dashboard? (Doc ID 2174525.1)

      Sincerely,
      Cezar

      • Balakrishna sivappagari

        Hi Cezar,

        Thanks for the response, but i am not asking how to delete the intercompany transaction from dashboard.

        I am asking how to delete the approved intercompany transactions while doing the consolidation. 

        Please provide me steps for the same.

        Thanks in advance

        Regards,

        Bala

         

    • Kevin Fehskens

      Hi Bala,

      Are you referring to intercompany eliminations?  Do you have an intercompany segment enabled?

      I believe you would pick up the intercompany balances in the intercompany A/R and Intercompany A/P accounts, and journal the inverse of these balances to an elimination company, then add the two company trial balances, plus the elimination company trial balance (perhaps in a ledger set) to get to the consolidated TB.

      There is a Youtube video on allocation rules that may be helpful to generate the elimination entries: https://www.youtube.com/watch?v=cjwTXuqbsek

      Regards, Kevin