Generate consolidation journal entries for the four most common intercompany eliminations — trading, loans, unrealised profit in inventory, and dividends. Journal entries and consolidated impact calculated automatically. Built for group accountants.
IFRS 10 requires all intragroup transactions, balances, income, and expenses to be eliminated in full on consolidation. These are the four most common types every group accountant encounters.
Eliminate revenue recorded by the selling entity and the corresponding cost recorded by the buying entity. Net profit impact: nil.
Eliminate the loan receivable against the loan payable, and eliminate interest income against interest expense. Balance sheet and P&L both reduce.
When transferred goods remain in the buyer's closing inventory, the seller's profit is unrealised from the group's perspective and must be deferred.
Eliminate the parent's share of subsidiary dividends — dividend income against dividends paid. NCI's share is a real payment and is not eliminated.
Work through each elimination type — journal entries and consolidated impact are generated automatically. Use the Summary tab for a combined view.
Combined view of all eliminations entered across the four tabs. Figures update in real time as you adjust inputs.
| Elimination | Account Debited | Account Credited | P&L Impact | B/S Impact |
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This calculator covers the most common eliminations using simplified models. In practice: (1) unrealised profit in prior-year inventory is eliminated against opening retained earnings, not current-year P&L; (2) where the selling entity is a subsidiary with NCI, the URP elimination must be split between the parent's and NCI's share per the group's accounting policy; (3) foreign-currency intercompany loans require exchange differences to be recognised; (4) management fees and other intragroup charges follow the same logic as trading eliminations. Always prepare eliminations in a formal consolidation workpaper with an audit trail.
BrizoConsol identifies intercompany balances across all entities automatically and eliminates them on consolidation — with a full audit trail for every entry.
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