Consolidating a subsidiary not on XBuddy
Period end
Situation
The consolidated report has no column for that subsidiary.
Recommendation
Eliminate in Excel; draft Elimination only adjusts entities set up in the system.
Why
A subsidiary outside the system has no books in the app, so no consolidation column. Transactions with it are normal third-party invoices.
Steps
- Identify subsidiaries not on XBuddy.
- Consolidate that part outside (Excel).
- Use draft Elimination only for entities set up in the system.
Avoid
- Create Elimination for an entity with no books in the system.
Roles & permissions
Consolidation accountant.