Define members for intercompany eliminations

Most intercompany elimination regulations consist of four accounts: a debit account and a credit account, typically general ledger accounts, as well as two system accounts known as Intercompany Offset and Intercompany Automatic Booking.

This system account is used to offset the elimination of the intercompany general ledger accounts. Both sides of an intercompany pairing will be eliminated via the offset account, which means that if the intercompany amounts are completely eliminated, the Offset account should be zero.

For example, when eliminating Intercompany Account Receivable against Intercompany Account Payable, there'll also be a system account called Intercompany AR/AP Offset account. The Intercompany Account Receivable and Intercompany Account Payable are often called an intercompany pair or pairing.

It's a system account that is used during the Intercompany Matching and Reconciliation process to automatically book certain variances under a certain threshold to an Auto account.

A system Audit member needs to be created to store the results of the intercompany elimination calculation. The preferable way to do this is to have one Audit member called Intercompany Eliminations for all accounts, but customers could‌ have a specific Audit member for each intercompany account pairing that needs to be eliminated.

For example, customers can have AR and AP Intercompany Eliminations and another Audit member for Dividends Intercompany Eliminations.