Intercompany Matching Report

    What is a Intercompany Matching Report ? Intercompany Matching reports are considered important month-end close tools for multi-company enterprises and are used by Group Controllers to find and match transactions between subsidiaries. A key functionality in this type of consolidation report automatically finds and displays due-to and due-from transactions. The matching transactions from each company are displayed on the same row and the variance column makes it easy for the controller to see if there is or is not a perfect match. You will find an example of this type of consolidation report below. Purpose of Intercompany Matching Reports Companies and organizations use Intercompany Matching Reports to save time and effort in the month-end close process. The more subsidiaries and internal transactions there are, the more important this type of report is to the accounting team. When used as part of good business practices in a Finance & Accounting Department, a company can improve its month-end consolidation process and speed, as well as, reduce the risk of mistakes that causes erroneous financial statements. Intercompany Matching Report Example Here is an example of an Intercompany Report that automatically matches sales, purchases, payables and receivables. [caption id="" align="alignnone" width="2233"] Intercompany Matching Report Example Intercompany Matching Report Example[/caption] You can find hundreds of additional examples here. Who Uses This Type of Consolidation Report ? The typical users of this type of consolidation report are: Controllers and Accountants. Other Consolidation Report s Often Used in Conjunction with Intercompany Matching Reports Progressive Finance & Accounting Departments sometimes use several different Intercompany Matching Reports, along with consolidated profit & loss, balance sheet and cash flow reports and other management and control tools. Where Does the Data for Analysis Originate From? The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Netsuite and others. In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions. What Tools are Typically used for Reporting, Planning and Dashboards? Examples of business software used with the data and ERPs mentioned above are:
    • Native ERP report writers and query tools
    • Spreadsheets (for example Microsoft Excel)
    • Corporate Performance Management (CPM) tools (for example Solver)
    • Dashboards (for example Microsoft Power BI and Tableau)
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