Prev
Next
Forums Financial Management Lawson S3 Financials

What is the best way to create an elimination company?

 4 Replies
 1 Subscribed to this topic
 43 Subscribed to this forum
Sort:
Author
Messages
Liz Carson
New Member
Posts: 3
New Member
2/2/2009 4:26 PM
    I would like to create an elimination company. I believe I can use the GL110 to do a company copy over and change the company status to "E" in GL10.0. 
    However, I would like to keep the elimination company simple with less Accounting Units set up, etc. Is there another method? Is there anything that I should be aware of?
    Thanks
    Liz
    k-rock
    Veteran Member
    Posts: 142
    Veteran Member
    2/2/2009 6:57 PM
      I usually just created a whole new company on GL10. An accounting unit is setup for each company that will be using the elimination company. Make sure to set each accounting unit to handle both balance sheet and income statement accounts.
      Twasti
      Basic Member
      Posts: 8
      Basic Member
      2/2/2009 7:01 PM
        I am glad that someone asked this question
        ecarson
        New Member
        Posts: 3
        New Member
        2/3/2009 7:34 PM
          Thanks so much k-rock. This sure helps!
          Melissa
          Basic Member
          Posts: 19
          Basic Member
          7/28/2013 12:14 AM
            hi - i realize this post is old, but i'm just getting into creating elimination companis for our reporting and i can't find any information on how these work. The only thing the GL user guide mentions is how to create one in GL10 and lawson/infor KB has no information. I work in It, but have some accounting background and have been tasked with figuring out how to get our consolidated reporting working by using an elimination company. I need to understand how it works in the actual reporting. If anyone has some general information that would help i'd appreciat it!!