The following accounting books do not include an elimination subsidiary: Primary Accounting Book. Therefore, no elimination journal entries will be created for these accounting books. To create elimination journal entries in an accounting book, you must create a new elimination subsidiary and assign it to an accounting book.

AI generated answer (using internal Slack threads):

Based on the conversations, it seems that the process of creating elimination journal entries involves creating a new elimination subsidiary and assigning it to an accounting book. This is done to zero out the financials of a subsidiary at the end of each month, effectively removing it from the consolidated financials. In the first thread, a user suggests creating an adjustment only book for the parent company, where the zeroing journal/trial balance can be posted. This would represent the consolidated amounts. However, this method only works if the parent subsidiary is a consolidating subsidiary with no activity. An alternative suggestion is to create another subsidiary and post the journal there. In the second thread, it is mentioned that to check a line for intercompany elimination, the elimination settings for the journal line, account, and name must match. This involves using an advanced intercompany journal entry, not a standard one. The accounts used must be marked for elimination, and the 'To Subsidiary' field must indicate the subsidiary with which the transaction is taking place. In the third thread, it is discussed that the assignment of elimination subsidiaries can be based on the subsidiary hierarchy. However, the process of elimination can involve multiple elimination journals, depending on the number of subsidiaries involved. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******