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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Thank you for the detailed explanation. It is good to know that we are not alone.
We will post our resolution here so that others benefit. This could result in flagging your post as “Mark as Solution”.
For completeness, if one is unable to or does not want to write a data buffer handler to figure out what IC data to keep/ditch, you can also just plug any IC elim OOB back to the BS_YTD_NI. That approach can be handled with a trivial Calculate() statement. That method is in a similar vein as how many people compute CTA. I neglected to mention that option, as I don't like plugging things since plugs can often hide other underlying problems.
Thank you for the update. And I agree on avoiding options that may hide underlying issues.