Process elimination transactions using the Elimination proposal form

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Important

This content is archived and is not being updated. For the latest documentation, see Microsoft Dynamics 365 product documentation. For the latest release plans, see Dynamics 365 and Microsoft Power Platform release plans.

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, Microsoft Dynamics AX 2012 Feature Pack, Microsoft Dynamics AX 2012

You can use the Elimination proposal form to process elimination transactions for elimination legal entities and consolidation legal entities.

You must create an elimination rule before you create elimination transactions. For more information, see Set up elimination rules for transactions.

  1. In the elimination legal entity, create a journal name in the Journal names form. (Click General ledger > Setup > Journals > Journal names.)

  2. In the consolidation legal entity, create an elimination rule with the elimination legal entity as the destination legal entity. Define lines for the accounts for which transactions must be eliminated.

  3. Consolidate all subsidiary transactions into the eliminations legal entity using the Consolidate [ Online ] form. (Click General ledger > Periodic > Consolidate > Consolidate [Online].)

  4. Process the elimination rule in the elimination legal entity using the Elimination proposal form. (Click General ledger > Journals > Elimination. Select a journal and then click Lines. Click Proposals > Elimination proposal.)

  5. Post the eliminations journals in the Post journals form. (Click General ledger > Periodic > Journals > Post journals.)

  6. If the elimination legal entity is not the same legal entity as the consolidation legal entity, use the Consolidate [ Online ] form in the consolidation legal entity to move the transactions from the elimination legal entity to the consolidation legal entity.

  7. Print the consolidated financial statements. For more information, see About traditional financial statements.

Note

We recommend that you use Management Reporter for Microsoft Dynamics ERP to combine the financial results for multiple legal entities in a consolidated format. Management Reporter lets you create consolidated financial reports across legal entities, use Microsoft Excel to import consolidation data from other sources, and translate amounts into any number of reporting currencies without having to run the consolidation process in Microsoft Dynamics AX.

For more information about how to consolidate transactions by using Management Reporter, see Financial consolidations and currency translation.

  1. In the elimination legal entity, create a journal name in the Journal names form. (Click General ledger > Setup > Journals > Journal names.)

  2. In the consolidation legal entity, create an elimination rule with the consolidation legal entity as the destination legal entity. Define lines for the accounts for which transactions must be eliminated.

  3. Consolidate all subsidiary transactions into the consolidation legal entity using the Consolidate [ Online ] form. (Click General ledger > Periodic > Consolidate > Consolidate [Online].)

  4. Process the elimination rule in the elimination legal entity using the Elimination proposal form. (Click General ledger > Journals > Elimination.)

  5. Post the eliminations journals in the Post journals form. (Click General ledger > Periodic > Journals > Post journals.)

  6. Print the consolidated financial statements. For more information, see About traditional financial statements.

See also

Elimination proposal (form)