Campfire automates intercompany eliminations by applying configurable rules that match and remove internal transactions during consolidation. Revenue and cost of sales between group entities, intercompany loans, dividends, and unrealised profits on inventory or asset transfers are all handled systematically. Once rules are defined, eliminations run automatically each period without manual journal entries, ensuring consistency and reducing the risk of errors.
By removing all internal activity before consolidation is finalised, Campfire ensures that group financial statements present only genuine external transactions. This gives stakeholders a true picture of the organisation's financial position and performance. The system handles complex scenarios including partial ownership, multi-level subsidiaries, and cross-currency eliminations without requiring manual workarounds.
Every elimination entry generated by Campfire is fully traceable back to the original intercompany transactions. Finance teams and auditors can review exactly which balances were eliminated, why, and at what amounts. This detailed audit trail simplifies the review process and provides confidence that consolidated numbers are complete and defensible.
Why Campfire Stands Out
