Hi,
We are having many discussions about how to eliminate inter-company balances at month end and I wanted to get a feeling of what you do on the field.
As a simple case, let’s assume that there is only one transaction from one company to another, recorded in AP and AR. At month-end, for consolidation purposes, we need to identify the balances and record an elimination entry. We setup a consolidation company for that purpose.
In the past, I have seen companies creating one GL account for each interco company. I think this is not an option. Would you then recommend using a separate dimension ? or maybe a different sub-ledger just for interco ?
Can someone recommend the best practices with AX v2009 ?
Thanks