Intercompany eliminator

Skill a5c-ai/babysitter/library/specializations/domains/business/finance-accounting/skills/intercompany-eliminator

Automated intercompany transaction identification and elimination skill for consolidated reportingFrom its SKILL.md

Install

npx -y skills add a5c-ai/babysitter --skill intercompany-eliminator

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SKILL.md

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Intercompany Eliminator

Overview

The Intercompany Eliminator skill automates the identification and elimination of intercompany transactions for consolidated financial reporting. It ensures accurate elimination entries and handles complex multi-entity structures.

Capabilities

Intercompany Matching

Trading partner identification
Transaction type classification
Amount reconciliation
Timing difference handling
Currency conversion alignment
Threshold-based matching

Elimination Entry Generation

Revenue/cost of goods sold elimination
Intercompany receivable/payable netting
Dividend elimination
Management fee elimination
Interest income/expense elimination
Service charge elimination

Currency Translation

Functional currency determination
Translation method application
Temporal method calculations
Current rate method application
Cumulative translation adjustment
Remeasurement gain/loss

Minority Interest Calculation

Noncontrolling interest identification
Profit/loss allocation
Comprehensive income allocation
Changes in ownership treatment
Step acquisition adjustments
Deconsolidation accounting

Investment Elimination

Cost method elimination
Equity method elimination
Acquisition accounting
Goodwill calculation
Push-down accounting
Basis differences

Unrealized Profit Elimination

Inventory profit elimination
Fixed asset profit elimination
Upstream vs. downstream
Minority interest impact
Tax effect consideration
Realization timing

Usage

Monthly Consolidation

Input: Subsidiary trial balances, intercompany activity reports
Process: Match transactions, generate eliminations, calculate minority interest
Output: Consolidated trial balance, elimination entries, reconciliation report

Intercompany Reconciliation

Input: Intercompany balance reports from all entities
Process: Identify mismatches, investigate differences, propose adjustments
Output: Reconciled balances, adjustment entries, exception report

Integration

Used By Processes

Intercompany Accounting and Consolidation
Financial Statement Preparation
Month-End Close Process

Tools and Libraries

ERP APIs (SAP, Oracle)
Consolidation software (HFM, OneStream)
Custom matching algorithms

Best Practices

Establish intercompany policies and procedures
Implement real-time matching where possible
Set materiality thresholds for reconciliation
Create standard intercompany transaction templates
Build escalation procedures for unmatched items
Maintain entity relationship mapping

What ships with it

Read from the repository

Just SKILL.md. No reference files, no scripts.