SAP S/4HANA Finance for group reporting was designed to help businesses better consolidate data to achieve accurate reporting. Its capabilities have been credited with reducing time to close, supporting continuous accounting, and enhancing auditability and reliance on reported results. This article explains how to work with the solution’s consolidation monitor and how to perform and execute one-sided elimination entries.
After reading this article you will be able to:
• Clearly define what SAP S/4HANA Finance for group reporting can achieve;
• Configure business rules to resolve the one-sided elimination issue when trading partners are missing in one of your postings; and
• Understand when and how to use and execute one-sided eliminations entries with the consolidation monitor.
MEET THE AUTHORS
Dr. Marco Sisfontes-Monge is a managing partner of Arellius Enterprises. For more than 15 years he has supported SAP implementers, direct clients, and other customers in Europe, North America, Latin America, Asia, and Africa in the industries of automotive, insurance, pharmaceutical and healthcare, logistics, software, utilities, chemical, oil and gas, exploration and natural resources, discrete and process manufacturing, retail, and financial services. His background includes project management and performance measurement, product- and activity-based costing, design optimization, discrete and process simulation, system dynamics, artificial intelligence and machine learning, and advanced statistical methods. He also has finance specializations from the London Business School and Saïd Business School from University of Oxford in England. You may contact him via email at firstname.lastname@example.org.