In the course of normal business operations, daily transactions are executed on the subsidiary level, then you run the elimination and consolidation process. Assuming that subsidiaries have inter-company transactions covering marketing expense, the USMF company pays the expense from its accounts and identifies the expense part for the DEMF company. The following diagram illustrates the subsidiary inter-company transaction, in addition to elimination and consolidation process on the parent company level:
To execute the consolidation and elimination process, navigate to Consolidation | Consolidate ...
