Insights
Next Generation Intercompany Reconciliation within S/4 Hana Group Reporting
What is Intercompany Reconciliation?Intercompany reconciliation is the process of ensuring that trades between individual subsidiaries within a group net to zero. For example, when one subsidiary acts as seller to another subsidiary, for example a product is sold from subsidiary A to B, the related trade payables and receivables recorded on the balance sheets of these subsidiaries should net to zero when adding them together.