Matching Intercompany Transactions

Before you post intercompany transactions to an intercompany account, you can perform a matching process to ensure that both the entity and its partner entered the transaction. For example, for an intercompany sales transaction from Entity A to Entity B, an Accounts Receivable entry in Entity A should have a corresponding Accounts Payable entry in Entity B.

If your administrator set up the period to require matching before posting, you must match the transactions before you can post them. The matching process ensures that all entries are entered and reconciles differences between the intercompany account balances. For transactions that have a Mismatched status, you can assign a valid reason code to the transactions and post them.

You can match transactions by several methods. You can allow the system to automatically match transactions based on criteria that you specify. If the transactions are not matched by the automatic matching process, you can also manually match specific transactions, with tolerance or without a tolerance.

See these procedures:

• Auto-Matching Intercompany Transactions

• Manually Matching Transactions with Tolerance Amount

• Manually Matching Transactions without Tolerance Amounts