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A client has multiple legal entities set up in Dynamics 365 Finance.
All companies and data reside in Dynamics 365 Finance.
The client currently uses a separate reporting tool to perform their financial consolidation and eliminations.
They want to use Dynamics 365 Finance instead.
You need to configure the system and correctly perform eliminations.
Solution: Set up Elimination rules in the system.
Then, run an elimination proposal.
Configure the rules to post to any company that has Use for financial elimination process selected in the legal entity setup.
Does the solution meet the goal?
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A. B.A.
References: https://docs.microsoft.com/en-us/dynamics365/unified-operations/financials/budgeting/consolidation-elimination-overview.
The proposed solution to set up Elimination rules in the system and then run an elimination proposal to perform eliminations in Dynamics 365 Finance can meet the goal of using the system for financial consolidation and eliminations.
The first step of the solution, setting up Elimination rules, involves creating rules that specify the accounts and dimensions to eliminate and the offsetting accounts to use. Elimination rules can be set up for each legal entity and can be customized to meet specific business needs.
The second step of the solution involves running an elimination proposal. This process generates elimination journal entries based on the configured elimination rules. The elimination journal entries remove intercompany transactions and balances from the financial statements of the individual legal entities and consolidate them into the financial statements of the parent legal entity.
Finally, configuring the rules to post to any company that has Use for financial elimination process selected in the legal entity setup ensures that the elimination journal entries are posted to the appropriate companies.
Overall, the proposed solution can enable the client to use Dynamics 365 Finance for financial consolidation and eliminations, which can streamline their financial processes and improve accuracy and efficiency. Therefore, the answer is "Yes".