Consolidating financial statements eliminating entries

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dating sites linked to richard sie - Consolidating financial statements eliminating entries

As companies grow, structures get complex, and multiple levels of consolidation must occur.

While some people stick with an Excel solution as long as possible, it just isn’t trustworthy.

When your entities are in different countries, things get more complicated.

Every government in the world wants to collect more tax. Companies go through consolidation because outsiders don’t care about all your inter-company back and forth.

Often, when people “upgrade” from Excel to a real system, they discover that what they thought was working, wasn’t. Setting Up Intercompany Costs In our example, widgets were sold at the same price to outside wholesalers and the company-owned retailer. There are all kinds of reasons management may want different intercompany prices.

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