Overview of Intercompany Reconciliation

Intercompany reconciliation provides you with reports to assist you with reconciling your intercompany receivables and intercompany payables accounts and identifying differences.

The main goal of the reports is to make it easy for you to identify either the receiver side or provider side of a transaction that has not been posted to the intercompany receivables or intercompany payables account.

The reports show the following intercompany lines:

• Intercompany receivables and intercompany payables lines generated by the intercompany balancing feature.

• Intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.

The following are not included on the intercompany reconciliation reports:

• Ledger balancing lines generated when the primary balancing segment value is in balance but either the second balancing segment or the third balancing segment is out of balance

• Clearing company balancing lines