What is 'other elimination difference' in SAP FI-LC - Consolidation?

other elimination difference - Overview

• Component: FI-LC

• Component Name: Consolidation

• Description: The difference that occurs within intercompany elimination if two trading partners portray their common transactions in each of their individual financial statements differently. &EXAMPLE& Temporal posting differences Individual value adjustments in claims Not fully accepted accounts payable Erroneously posted entries

other elimination difference - Details

• 
  Key Concepts: 
  Other elimination difference is a term used in the FI-LC Consolidation component of SAP. It is the difference between the total of the elimination entries and the total of the other entries in a consolidation. This difference is calculated when consolidating multiple companies and is used to ensure that all entries are accounted for. 
  
  How to use it: 
  When consolidating multiple companies, SAP will calculate the other elimination difference. This difference is calculated by subtracting the total of the other entries from the total of the elimination entries. If the difference is not zero, then there is an error in the consolidation process and must be corrected before proceeding. 
  
  Tips & Tricks: 
  When calculating other elimination differences, it is important to double-check all entries to ensure accuracy. Additionally, it may be helpful to use a spreadsheet to track all entries and their totals to make sure that all entries are accounted for. 
  
  Related Information: 
  Other elimination differences are related to intercompany eliminations, which are used when consolidating multiple companies. Intercompany eliminations are used to eliminate any transactions between two companies that are part of the same group. This ensures that all transactions are accounted for and that no double counting occurs.