intercompany eliminations
How to Prepare a Consolidated Cash Flow Statement From Multiple Entities
When the audit committee asked for a group cash flow statement for the first time, Priya assumed the hard work…
How to Account for Returns in a Multi-Entity E-commerce Consolidation — And Why Getting It Wrong Inflates Group Revenue
Tom is the group controller for a three-entity fashion e-commerce business. The UK trading entity runs the Shopify store and…
Why Your E-commerce Group’s Revenue Figures Don’t Agree — And How to Standardise Recognition Across Entities
Priya is the group controller for a four-entity e-commerce business. The group runs a direct-to-consumer Shopify store in Australia, an…
Why MYOB Intercompany Eliminations Keep Producing Errors — And How to Get Them Right
Rachel is the group accountant for a four-entity building materials business. The parent company, two trading subsidiaries, and a property…
How to Prepare a Consolidation Adjustment Schedule
Patrick had been running the group consolidation for two years when the audit firm changed. The outgoing team had known…
Intercompany Eliminations: A Complete Guide for Group Consolidation
When a parent company sells goods to its subsidiary, both sides of that transaction end up in the accounting records.…
Why Excel Consolidation Breaks When Your Group Gets More Complex
Rachel had been running the group consolidation for three years without a serious incident. The workbook was hers: 47 tabs,…
Intercompany Reconciliation for Multi-Entity Groups: How to Match Balances and Close Faster
At almost every multi-entity group, the same conversation happens on day four or five of the month-end close. The consolidation…
Why Your Intercompany Balances Never Match (Even When Both Companies Agree)
Sarah is the group financial controller of a UK distribution holding company with four trading subsidiaries. It is 9:47 pm…
Financial Consolidation for E-commerce Groups: How Multi-Entity Online Retail Businesses Get Clean Group Accounts
A fast-growing online retailer typically starts life as a single entity. Then it expands into a second market, sets up…