Intercompany Eliminations: What They Are and How to Book Them

Intercompany eliminations are consolidation entries that remove balances and transactions between commonly controlled entities, so the group reports as one economic entity under ASC 810-10-45-1. They strip out internal receivables, revenue, loans, and unrealized profit that would otherwise inflate consolidated figures. Indinero builds intercompany reconciliation and clean elimination entries into a CPA-led monthly close, so consolidation stays audit-ready instead of becoming a year-end scramble.