Intercompany Account & Balance Reconciliation

Reconcile intercompany balances from both entities' perspectives. This application is designed to connect counterpart accounts and explain currency or timing differences before the group relies on the balances for reporting.

Best suited to

Finance teams reconciling balances within their own corporate group.

What you can manage

• Match the entities acting as counterparties to each balance.
• Record their positions for the same reporting period.
• Identify exchange-related differences in the compared amounts.
• Review timing differences between the two entities' records.
• Document mutual confirmations and agreed corrections.

A practical workflow

Pair the counterpart balances and confirm the comparison date and currency basis. Investigate differences with both entities, record the agreed treatment and retain the confirmation before the group reporting close.

Why this workflow matters

An intercompany account has two perspectives that need to be reconciled. Reviewing the agreement and counterpart records together helps the group distinguish timing, currency and substantive transaction differences. The aim is an explained internal position that both entities can support before the figures enter the group close.

Working with your records

Confirm the reporting date, entity scope and accounting basis before preparing group information. Review source packages and adjustments with the responsible entity owners, retaining the evidence for material decisions. The software organises the specified group accounting workflow; the appropriate consolidation and disclosure treatment still requires review under the framework adopted by the group.

Licence

12-month software licence purchased with a one-time payment. The purchase covers the stated licence term and does not create an automatically renewing subscription.