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| Note |
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The removal of intercompany values is at the end of the report section - as seen below at the bottom of the Revenue section is the removal. The only exception to this is the Cost of Goods Sold control account - they are removed directly below the Account (see Interco COGS) below - the remainder from the Cost of Sales section are removed at the bottom of the section (see Interco Costs (non-COGS) |
Franchise Group Profit and Loss
The Franchise group is a special type of inter company elimination allowing the breakup of each GL Account to be shown
Trial Balance
The Trial Balance Report is an accounting report to check all journals in the system are balanced - it is an AS-AT report From the start of the financial year that the report is run in.
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