Set Up Intercompany Eliminations
This section describes the setup required before you can eliminate intercompany postings from your consolidation.
1 Create a separate management layer in the consolidation entity for elimination postings.
GL Layer Create
2 Create a separate daybook for elimination postings in each consolidation entity. If you are consolidating at several levels, it is recommended that you create a daybook for each shared set.
a Set the daybook type to Journal Entries and the control type to Financials.
b In the Layer Code field, specify the dedicated management layer that you created for intercompany eliminations.
Daybook Create
