Tag: Elimination entry
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Elimination Entry Example
his tutorial explains managing elimination entries in BrizoSystem to adjust intercompany transactions. It covers reviewing, manually inputting, and automating eliminations. 1. Reviewing Entries:Access the Profit & Loss report (Reports → Financial Statements) to view elimination entries, such as debiting Revenue and crediting Purchases (e.g., $10,000 adjustments), which remove intercompany sales and unrealized inventory profits. 2.…