Eliminations

One part of your business trades with another. Now you need to eliminate that trade to get a true consolidated P+L.

In Budgyt this is easy to achieve.

  • Go to Settings > Manage Departments and add a new department called Eliminations.
  • Go to Data/Formulas > Manage FOAs, and add a new Allocation type formula for each category/account that you are using for the intra company trades, make that category your source and target, and enter a 1 in the row for the Eliminations department in the grid below.
  • This will shift all your intra company trades to the Eliminations department, and now when you look at your consolidated total on the Dashboard or in Reports, just remember not to check the Eliminations department,