Eliminating journal entries - Consolidation - with QuickVid

Within adjusting entries, you are able to select which subsidiary or parent each part of the journal relates to. This allows inter-company entries:

Set the journal type to Eliminating for all consolidation adjustments.

To enter prior period consolidation adjustments, double-click on the relevant prior period column in the Working Trial Balance and then double-click on the Adjustments column. Enter the adjustments in the Elimin JE column.