Eliminations between Balance & P&L accounts
Hi everyone; we have an application using standard elimination, we have been used eliminations between balance account and P&L accounts, I created a new account in Balance sheet accounts with plug ac...
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We are using an Equity Balancing account as the plug account for 2 BS and 1 P&L account. The balance sheet accounts work as expected. The P&L account, not so much.
The oddest behavior is occurring. The first month that has a P&L value behaves as expected: eliminated on the P&L, amount reduced from BS plug account. Subsequent months are eliminated but the balancing account is not reduced. This causes the consolidated BS reports to be OOB for those periods.
Has anyone experienced a similar issue with BS & PL accounts sharing a BS plug?