Intercompany Differences

Reconciliations between group companies are critical for accurate consolidated financial statements. A single missed invoice in one company can directly impact the bottom line. Comparing and identifying these discrepancies is often complex. Our approach compiles balances from all group companies into a clear matrix, highlighting any differences in the group’s reporting currency—making reconciliation faster, easier, and more reliable.

Reconciliation with other group companies can be time-consuming — especially when you need to access multiple ERP systems to locate transactions per account and copy them into spreadsheets. Drill down directly from the reconciliation matrix to the relevant accounts and their corresponding transactions.

Isolating discrepancies by eliminating offsetting transactions can be a demanding and error-prone task. Our approach simplifies this by automatically flagging amounts with the same absolute value. You can also manually flag items, ensuring that only unflagged entries — the actual discrepancies — remain visible.

Determining whether a discrepancy stems from how a transaction was recorded in local currency or from differing conversion rates can be challenging. View the transaction currency, functional currency, and reporting currency side by side—making it easy to identify the true source of the discrepancy.