Insights
Intercompany reconciliations at the invoice level within CCH Tagetik
Significance of intercompany reconciliationsReconciling intercompany transactions is an important step in the consolidation process. It ensures that when a consolidation is executed, balances that are between multiple entities within a group, are eliminated equally. For example, we have two entities such as entity A and B that are both fully consolidated and are both within the same consolidated group. The first entity, entity A, sells 100 Euro to entity B.