What does the Intercompany Matching Report help to reconcile?

The Intercompany Matching Report is designed specifically to assist organizations in reconciling intercompany transactions between different entities within a group. These transactions involve financial dealings between subsidiaries or divisions that can impact the consolidated financial statements.

The primary purpose of this report is to ensure that all intercompany transactions are accurately reflected on both sides of the entries involved. This means that if one entity records a sale to another entity, it should match with the corresponding purchase recorded by the receiving entity. Discrepancies can arise due to timing differences, mispostings, or oversight, and the Intercompany Matching Report helps to identify and resolve these differences, ensuring the financial statements present a true and fair view of the organization’s financial position.

This report does not relate to currency rates, data imports, or consolidation timelines, making it clear why intercompany transactions is the correct focus of this report.