1. Introduction

You can create manual intercompany entries directly in Finstack to correct or supplement data for intercompany eliminations—without altering your ERP records. Ideal for closing the gap when source data is incomplete, helping you reconcile discrepancies, and adjust historic records.

2. Step-by-Step Guide: Manual intercompany entry

1. Go to Finance → Intercompany → Eliminations to view the current state of intercompany eliminations.

2. Click Manual IC Entry (top-right) to open a new form.

3. Fill Out the IC Elimination Form

   • Entity: Choose the entity you want to correct or adjust.

   • Entry Date: Specify the posting date for this adjustment.

4. Add the Elimination Entries

   • Account / Account Description: Select the GLA (General Ledger Account) you need to adjust.

   • Transaction Description: Provide a brief explanation (e.g., “Historic correction,” “Manual offset”).

   • Counter Entity (required): select which counter entity this GLA pairs with

   • Debit / Credit: Use the Debit side to eliminate IC revenue or assets and the credit side to eliminate IC costs or liabilities. Finstack will automatically post the same amount on the [IC difference] GLA to balance the entry.

   • Add more lines if needed: Click Add transaction to enter multiple lines.

5. Save Your Manual IC Entry

   Click Save when you’re done. Your new manual entry will appear in the Intercompany overview, usually labeled or filtered as a manual adjustment.

That’s it! You’re now ready to iron out intercompany discrepancies using manual entries. If you have any further questions or run into any issues, please reach out to our support team.

3. Best Practices & Tips

• Use clear descriptions: Good descriptions (e.g., “Invoice reallocation,” “Historic offset”) help your team understand why a manual entry was made.
• Limit to actual needs: Only create manual IC entries to close a historic gap in eliminations. Use the other elimination methods as the foundation.
• Coordinate with your accounting team: Because these entries reside in Finstack (not your ERP), ensure everyone is aware of these adjustments for accurate consolidated reporting.

4. Troubleshooting

• Cannot save: Check if you’ve selected an entity, currency, and populated required fields (Debit/Credit). Also, confirm that the total entry amounts net to zero.
• Doesn’t Appear in the ERP: By design, manual IC entries don’t sync back to your ERP—they only exist in Finstack for reporting and elimination purposes.

5. FAQs