Examples of Calculation for Gross and Net Accounting:
Gross Accounting:
When there is an intercompany balance between two companies that are consolidated with the proportional method, the calculation for the amount booked on the external account is: (IC amount * owned percent) * (100 - owned percent of counter company) for Gross Accounting:
Company A: (200 * 55%) * (100% - 50%) = 55 on the external account.
Company B: (200 * 50%) * (100% - 55%) = 45 on the external account
Net Accounting:
When there is an intercompany balance between two companies that are consolidated with the proportional method, the company with the highest owned percent will take the external part. The calculation for the amount booked on the external account is: IC amount * (owned percent - owned percent counterpart)
Company A: 200 * (55% - 50%) = 10 on external account Company B: No amount booked on external account