Auto-elimination of intercompany profit in inventory - how to eliminate IC balance via rules?

Hi Experts:
I’ve designed and developed a data form in HFM to calculate the amount of MARGIN in the inventory of the receiving company (when the receiving company has received the inventory from an intercompany partner).
Does anyone have any experience or ideas how to write a rule (or use IC logic) to automatically eliminate this calculated amount against IC Cost of Sales?
The IC Cost of Goods sold entry will be the same at the margin in inventory (but this is not broken out separately in any account – just buried in COGS).
Does anyone have any suggestions for a rule/account/IC logic that could automatically grab this calculated balance in inventory and remove it from inventory as well as reduce IC_COGS?
We prefer to do this elim entry automatically if possible.    Is it possible to do an “auto” journal entry that could grab these amounts?    Or could we use a rule to populate an IC account so that this would self eliminate?
Should we set up an elim account part and populate them automatically via rules, then allow HFM to use it's built in IC elim logic?   This issue is that this entry occurs all on one entity, but I know it's possible to set up IC accounts so that you can book a balance with yourself.
How do I do this elim entry automatically in HFM?
Inventory
$    (1,000) this will be calculated in HFM.
IC_COGS
$      1,000   this will equal to above account
Thanks,
Mark

Hi. Try this. Tag it as an intercompany account (use Y instead of R) and give it a plug account. Put the plug account within COGS. Basically you're doing a one-sided elimination.
Elimination of profit in inventory is not easy, and if this solves things for you then you're on the easy side of it.
Regards,
Eric

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Intercompany profit in inventory

Hi, we are on a manufacturing business and im trying to explore the system for ways and means to monitor and track the IPI (intercompany profit in inventory) resulting from intercompany sales. This is the elimination from the inventory account (Balance Sheet aspect) of any profit or loss on the intercompany sale that has not been confirmed by resale of the inventory to outsiders (non-affiliate).
We are using SEM-BCS (trading partner and partner profit center fields) for the process of eliminating the intercompany profits and loss on the Income Statement aspect.
Appreciate your expertise and inputs on this.
thanks and regards,
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Hi. Try this. Tag it as an intercompany account (use Y instead of R) and give it a plug account. Put the plug account within COGS. Basically you're doing a one-sided elimination.
Elimination of profit in inventory is not easy, and if this solves things for you then you're on the easy side of it.
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We are trying to eliminate intercompany profits on inventory transfers. We are using the Additional Financial Data and created Product Groups like Machines, Parts etc. How complicated is it to use Reported Financial Data? Is it possible to get profit elim at each item level?
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We are going to implement SEM-BCS - So i wanted to know the details of interprofit elimination in detail during the blueprinting process.
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I am working on intercompany profit elimination and trying to understand how it works.
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Hello Deepa! I too am just beginning to work on our intercompany profit elimination techniques using 4.7 in SAP and Material Ledger actual costing. We previously set up 3 currencies. The currencies are as follows:
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Edited by: Kooi Heng Ooi on Jan 22, 2008 3:22 AM

If I have not properly configure and generate the data basis from first time, what should I do to activate this function. As I checked the sap.help from your link it said :
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Hi Eugene,
Thanks for your inputs. Indeed it was not the correct behavior because we found a relevant sapnote saying that we have to apply a program correction. After applying sapnote 1158342, elimination worked fine.

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Auto-elimination of intercompany profit in inventory - how to eliminate IC balance via rules?

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