Intercompany Reconciliation
Close the intercompany books in hours, not days
Intercompany reconciliation is the single biggest bottleneck in most group closes, consuming days of finance effort every period. This module matches every payable to its receivable across entities, categorises variances by root cause, and produces adjustment-ready journals, so month-end finishes faster with a clean audit trail.
What the module gives you
Automated matching
Intercompany receivables and payables are matched across entities on invoice, amount, currency, and period, with tolerance rules applied for FX movements and rounding differences. Items that fail to match are held back for review rather than buried in a spreadsheet, keeping the close visible and controlled throughout.
Variance analysis
Unmatched items are categorised by root cause, including timing differences, FX movements, cut-off issues, missing invoices, or open disputes, so the close team knows exactly where to focus attention. This structured breakdown replaces guesswork with a clear, prioritised list of actions for finance to work through.
Adjustment-ready outputs
The tool produces journal entries that are ready to post directly into your accounting system, removing the need for re-keying figures or maintaining manual reconciliation grids in spreadsheets. Finance staff review and approve rather than rebuild the numbers, cutting both effort and the risk of transcription error.
Close-cycle acceleration
Work that used to take a full week of chasing counterparties and rebuilding spreadsheets is now completed in hours, so month-end closes feel calmer and less rushed for the whole team. The resulting audit trail is also cleaner, giving auditors a documented path from invoice to journal without extra explanation.
Use cases
When to use it
Monthly and quarterly intercompany close
Year-end audit preparation
Post-acquisition IC integration
Cleaning up legacy IC balances
Shorten your close cycle
Book a demo to see the reconciliation engine run on your own intercompany ledgers, using real invoices, currencies, and entity structures from your group. You will see exactly how matching, variance categorisation, and journal output work together to shorten your close cycle without adding extra headcount to the finance team.
Frequently asked
Reconciliation FAQ
What does the tool reconcile?+
Intercompany receivables are reconciled against intercompany payables invoice by invoice, across every entity in the group, regardless of currency or accounting system. The engine flags mismatches immediately rather than waiting for month-end, giving finance teams early visibility into balances that need attention.
How does it handle FX and rounding?+
Tolerance rules absorb small FX and rounding differences automatically, so genuinely immaterial gaps never reach a reviewer's desk and waste anyone's time. Anything above the configured threshold is flagged for review, with the underlying cause shown alongside the amount so the team can resolve it quickly and confidently.
Does it post the journals for us?+
The tool produces posting-ready journal files that your ERP or accounting system can ingest directly, removing manual re-entry and the errors that come with it. The actual posting decision remains under your team's control at all times, so nothing is pushed into the ledger without proper internal sign-off first.