How Spaces helps
Your ERP or consolidation tool processes the eliminations. Agents build support packs linking rules, balances and explanations, while your system's results stay authoritative.
Still manual today With report-time eliminations, teams keep separate support for audit questions.
Example Trade receivable and payable between SG and HK: 412,800 on each side, eliminated at the period-end rate. Difference 0.00, with rule, balances, invoices and approvals linked.
Elimination support · October consolidation
- IC receivables and payables Linked to matched pairs Done
- IC service revenue and cost Linked, no differences Done
- Intercompany loan, HoldCo SG Linked, interest included Done
- Equity pickup, TechCo IN Ownership memo attached For approval
- Unmatched recharge, OpsCo HK Open break affects elimination Needs review
Your system's results remain authoritative
What the agent does
- Reads elimination rules and consolidated results
- Links each elimination to the intercompany balances it removes
- Writes a short explanation per elimination with cited sources
- Assembles a support pack for auditors and the consolidation lead
How it runs
- 01 Read rules Pulls elimination rules and consolidated results for the period.
- 02 Link balances Connects each elimination to the underlying intercompany balances by entity.
- 03 Explain Drafts plain-language notes for unusual or material eliminations.
- 04 Approve pack The consolidation lead reviews the pack before it goes to auditors.
Answers ready in advance
Audit questions on eliminations meet a prepared pack.
Rules linked to balances
Each elimination traces to the balances it removes.
No parallel calculation
Your consolidation system stays the source for results.
- Does the agent calculate eliminations?
- No. Your system processes the elimination rules. The agent documents and explains them.
- How are open intercompany breaks handled?
- They are flagged in the pack and linked to the intercompany follow-up log.
