Intercompany Transactions Elimination

Hi Experts,

This is new to me.

There are intercompany transactions between Company Code 1000 and 2000.

These intercompany transactions are for Intercompany Account Payable & Receivable (reported in Balance Sheet) and Intercompany sales & cost of sales (reported in P/L).

We want to eliminate these intercompany transactions when we generate F.01 (Financial Statements) for both company codes. Is this possible?

Thanks in advance.