If you work with consolidated financials, you'll be happy to know that you now have the ability to review your account eliminations with our Data Review tool. This means you can view the effects that account eliminations have on the P&L and Balance Sheet. Read on to learn all the details.

In the Review section, you can now see a clear breakdown of each elimination and the net effect of your eliminations. This is useful because you can easily see if your eliminations are offsetting intercompany transactions as they should be.

We love this new feature because it empowers you to check that your eliminations are offsetting correctly in no time. If consolidation eliminations stop offsetting, you will want to go investigate what's gone wrong.

Perhaps the companies recorded the wrong amounts or there was a big impact of forex. You won't know, if you can't see that the eliminations aren't offsetting appropriately.

With this new tool, you are equipped with the knowledge you need to go and investigate your eliminations and correct any errors. Thus, this tool serves as an excellent control for your company.

Syft's elimination review tool saves you a lot of time and gives you confidence that your eliminations are offsetting intercompany transactions correctly. Why not give it a try and let us know what you think?