Your Ultimate Financial Reporting Connector

Elimination Entry Example

The video demonstrates how to create Elimination entries in BrizoSystem within a consolidated organization. Users navigate to Settings > Elimination Entries and click “Add a new elimination entry” to input details like the Elimination ID, description, date, debit, and credit accounts. The system handles differences between debit and credit amounts by posting them to the foreign exchange gain/loss account. Elimination entries directly affect the group organization’s profit and loss or balance sheet, depending on the accounts involved, reflecting the net impact of the elimination immediately.