Intercompany matching

Intercompany transactions increase assets, liabilities, income, and expenses of entities within a group. To ensure the correct representation of the consolidated financial position and performance of a group, you must eliminate intercompany transactions and balances in the group's financial statements.

You receive correct intercompany reconciliation information through the system-provided analysis of transactions that are related to intercompany receivables, liabilities, revenues, and expenditures.

Intercompany accounts are an organization's General Ledger accounts that represent a balance of payments due from or to the entities that are related through common ownership or control. For example, if an entity A sells goods to a related entity B, then, in the General Ledger, entity B has accounts payable to entity A, and entity A has accounts receivable from entity B.

You can access main intercompany matching pages through the navigation panel or cards on the Landing Page. You can access data entry pages by clicking values in the data grid on the main intercompany matching pages.

The intercompany matching pages and related data entry pages show reconciliation information based on the context criteria. The data grids use these icons to show the reconciliation statuses:


Icon	Description
Empty	No status exists. The intercompany reconciliation process is not started.
	No discrepancies exist in an entity's intercompany account balances.
	Some discrepancies exist in an entity's intercompany account balances.

Values on the intercompany matching pages and related data entry pages are displayed with decimals if you set decimals. To set decimals, click the Data icon and select the appropriate option. The setting is remembered until you change it.

To enable suppression in the intercompany matching reports and related data entry reports, click Rows and select the appropriate suppression option to apply to rows. If you enable suppression in an intercompany matching detail report, the suppression is inherited by the related data entry report. You can disable the suppression by clicking the x next to the Suppression icon in the toolbar. The setting is remembered until you change it.