Elimination
In accounting, elimination means a consolidation-only entry removing intercompany balances, transactions and unrealized profit, so the group does not report trading with itself.
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Authority
This definition follows ASC 810.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
Elimination, in use
Quoted from the 3 documents that use the word — what it does to an interface, in the spec's own sentence.
Entity columns + elimination column + group total.
Elimination entries are source: "elimination" and exist only at the consolidated level.
A Xero or QBO group is n disconnected tenants that you must consolidate yourself: your system owns the entity tree, the intercompany elimination, and the FX translation.
Lopifi APIs: Xero, QuickBooks Online, NetSuite — 2. Identity, tenancy, and the entity boundary
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- adjustment
Components that render this
The concept is not documentation-only. These are the components that name it in their specification, grouped and stated exactly as the catalog states them.
12Close, controls & consolidation
Family specComponents that render the terms it depends on
Little in the catalog names this concept outright, but its definition is built out of others that are named. These render intercompany.
12Close, controls & consolidation
Family specTerms this one depends on
Also in Statements
Work with this concept
The calculators that compute it and the ledger payloads that carry it. A definition is where a reader starts; these are where they go next.
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.