Without elimination, intercompany transactions inflate your group revenue, costs, and balance sheet. BrizoConsol detects and eliminates every type — automatically.
Every transaction between entities within your group — if left unadjusted — overstates group revenue, costs, and balances. The overstatement is silent and grows with every intercompany trade.
Intercompany eliminations are not one-size-fits-all. Each transaction type involves different accounts and different elimination logic. BrizoConsol handles all of them.
When one group entity sells goods or services to another, the seller records revenue and the buyer records a cost. Both must be eliminated — group revenue is reduced by the intercompany sales figure, and the corresponding cost is removed simultaneously.
When one entity lends money to another within the group, one side shows a receivable and the other shows a payable. Both must be eliminated so the group balance sheet does not include an asset and liability that cancel each other out.
Management fees, IT charges, shared service allocations, and head office overhead recharged from a parent to subsidiaries create intercompany income in the parent and intercompany expense in the subsidiary — both must be eliminated from the group P&L.
When a subsidiary pays a dividend to its parent, the parent records dividend income. That income must be eliminated from the group P&L — the dividend is a transfer of existing group equity, not new income generated from external sources.
When one entity sells a fixed asset to another within the group, any profit on the transfer is unrealised from the group's perspective — the asset is still within the group. The gain must be eliminated and the asset restated at its original cost to the group.
The parent's cost of investment in each subsidiary is eliminated against the subsidiary's share capital and pre-acquisition reserves. This elimination establishes goodwill (or negative goodwill) at acquisition date and is a foundational step in every consolidation.
BrizoConsol's elimination engine runs automatically on every consolidation. Here is exactly what it does.
BrizoConsol pulls the general ledger from every connected MYOB company file nightly via OAuth — supporting AccountRight and MYOB Business files in the same consolidation run. All transactions — including those in intercompany accounts — are available for matching and elimination.
Runs automatically · Nightly syncBrizoConsol identifies intercompany transactions using accounts you flag as intercompany during setup, and by matching account codes that appear on both sides of an entity relationship. No manual cross-referencing of each period's transactions is needed.
Auto-detect + account-code matchingMatched intercompany pairs are eliminated automatically. Any transaction where the two sides don't reconcile — different amounts, missing counterpart — is flagged in the elimination review dashboard before the consolidation is finalised, so you can investigate and correct before the report is produced.
Mismatch alerts before finalisationEvery elimination — automatic or manual — is logged with the originating entities, account codes, amounts, and basis of elimination. The audit trail is permanent, exportable, and presented alongside the consolidated statements for reviewer sign-off.
IFRS 10 · ASC 810 · Auditor-ready