Manual Eliminating Entries

Create, edit, delete, and reverse group-level eliminating entries.

After you review intercompany activity, use a manual eliminating entry for an adjustment that belongs in the consolidated result without changing an individual entity’s ledger.

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Create an entry from the Elimination Ledger

Eliminating entries are available for clients on Advanced or Enterprise, in workspaces with a consolidation group.

1. Open the Elimination Ledger for the consolidation group.
2. Click Create eliminating entry.

1. Select the entry date. It defaults to today.
2. For each line, select an Entity and Account.
3. Enter the debit or credit amount for each line.
4. Add a Counterparty, Description, or Class when needed. Class is shown only when Classes are enabled for the workspace. Use column settings to show Exclude from 1099.
5. Confirm the entry balances.
6. Optionally add a Reverse date or Memo under Details.
7. Click Save or Save and new.

Option	What it does
Save	Creates the entry and closes the drawer.
Save and new	Creates the entry and opens a blank form with the same date. Shown only when you create an entry.

The entry needs at least two complete lines, and the debit and credit totals must match before it can be saved. Click + 20 rows if you need more lines.

The account list is scoped to the selected entity, so select the entity before choosing the account.

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Edit an eliminating entry

1. Open the Elimination Ledger.
2. Find a row with Manual in the Source column.
3. Select its Reference to open the eliminating entry.
4. Update the date, lines, reverse date, or memo.
5. Click Save.

Auto references open the source journal entry instead. Only Manual references open the eliminating-entry editor.

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Delete an eliminating entry

1. Open the Manual entry from its Elimination Ledger reference.
2. Click Delete.
3. In Delete eliminating entry?, click Delete.

Deleting the entry removes its adjustment from the consolidated reports.

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How eliminating entries affect reports

An eliminating entry posts to the group's consolidation overlay. It affects the consolidated reports, but does not post to an individual entity's ledger.

Manual entries appear with Manual in the Elimination Ledger source column.

Use the Intercompany page to match source transactions or create the corresponding entity-level journal entry. Use an eliminating entry only when the adjustment should affect the consolidated result without changing an entity's ledger.

→ Review and Resolve Intercompany Activity

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Work with locked periods

You cannot create an eliminating entry dated in a locked period. Select a date after the parent entity’s lock date.

An existing eliminating entry dated on or before the parent entity’s lock date opens as read-only. It cannot be edited or deleted.

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Reverse an entry

Set a Reverse date when the eliminating adjustment should reverse in a later period. On that date, Kick creates another eliminating entry with the debits and credits reversed. The reverse date must be on or after the original entry date.