Problem with growing CTA-E Balance

Hello! Need some help figuring out a growing CTA-E balance for a multi-national company where all subsidiaries have a base currency of USD. Seeing the month-end auto-elimination process posts reversing JE’s to the CTA-E account every month, with the exception of about 10 entries which did not reverse.

Any idea what would trigger the system NOT to reverse those entries?

Rookie Asked on June 28, 2022 in Accounting.
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1 Answer(s)

Take a look at

Intercompany Elimination Overview SuiteAnswer ID: 20121

  • Journal lines that require elimination at period end are identified either by default. They are based on the intercompany account entered for the line, or by manually checking the line for elimination.

Cumulative Translation Adjustment-Elimination (CTA-E) Suite Answer 64445

and the Related Topics at the bottom of both.

Beginner Answered on July 7, 2022.
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