Affiliated Companies

[Former Member]

Hi

We have a scenario in which there is a lot of billing to companies, which are either corporate (group) affiliates or subsidiaries. For consolidation, we need to elminate the Sales Revenues between all the affiliates. How can we map this scenario?

Regards

Kailash

[Former Member]

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[Former Member]

Hi

If invoices are sent to companies which are members of your consolidation group, you have to include these companies in consolidation. All sales revenues originating from business transactions within the corporate group have to be eliminated (elimination of intercompany revenue and expense). To enable the system to eliminate these revenues, you need to specify a standard, corporate-wide company ID in the Trading partner field in every vendor master record set up for an affiliated company. The consolidation system uses this number to identify intercompany revenues and expenses for consolidation purposes.

Thanks & Best Regards

Sanil K Bhandari