How to Consolidate Balances of Multiple Entities and Set Up Elimination Rules in D365 F&O

Dynamics 365 Finance

Microsoft Dynamics 365 Finance and Operations provide tools to expedite financial consolidation procedures.
To consolidate balances, a new entity is created and elimination rules are set up.
The consolidation process involves creating an elimination journal and running the consolidation online.
The system allows for the selection of entities to consolidate and the percentage of balances to be consolidated.
Elimination rules can be set based on fixed or net change methods.
Currency translation is crucial, and exchange rates must be defined beforehand.
The trial balance displays consolidated amounts in the base currency of the consolidation entity.
Maintaining financial accuracy and transparency is key in Finance and Operations.

Registered users can view the full text for FREE!