Intercompany Reconciliation

Intercompany reconciliation matches related-entity records. Automation identifies differences and timing issues.

What is Intercompany Reconciliation?

Intercompany reconciliation is the process of comparing records of a transaction between two related entities to ensure they match and properly reflect the economic reality. It involves comparing invoices, payment records, and balance confirmations. Automated reconciliation matches intercompany balances, identifies timing differences, and flags discrepancies.