E770: Elimination of Investments, parent (xdb)

This control table creates an automatic journal, which eliminates amounts from the account for investments for the parent company. Automatic journal type 10 is used. The counter account to balance the journal is an offset account. That offset account can be the same as the offset account in the automatic journal created by E760, Transfer of Equity, Investment Adjustments. The amount on the offset account should be zero on the group. This automatic journal is used mostly in Belgium, France and Spain and by customers using Investment Adjustments E600-E603.

You eliminate registered accounts in the control table E770 against an offset account. E770 uses the figures in the period database when E100 uses the figures in the acquisition register.