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Collect & normalize
Import Intercompany positions by entity, counterparty, account, currency and period, then normalize the data required for reconciliation.
MASTERGAAP · FINANCIAL CLOSE · INTERCOMPANY
Reconcile and document intercompany positions before close.
Bring reciprocal balances together, identify counterparty differences, determine their cause and track resolution before group reporting is finalized.
For Group Accounting · Group Reporting · Consolidation · Finance teams in multi-entity groups
The close challenge
Intercompany differences slow the close when they are identified late or remain without a clearly established cause.
01Entities report positions using different formats, accounts or timing conventions.
02Differences often result from cut-off, foreign exchange, missing invoices, account misclassification or timing differences.
03Teams spend time identifying the counterparty, tracing the underlying entry and determining which entity should correct the issue.
04As close approaches, unresolved items are often tracked across multiple files and exchanges, with limited visibility over their status.
Expected outcome
Reciprocal positions within the reviewed scope are reconciled; significant differences are classified, supported or assigned to a corrective action, and remaining open items are explicitly documented for close review.
Position in the Finance process
A Financial Close control performed before group reporting and consolidation.
Intercompany reconciliation checks the consistency of positions recorded by group entities. It helps improve the reliability of data reported to the group and prepares the data for consolidation. Local statutory entries and consolidation eliminations remain separate processes.
Local close
Intercompany reconciliation
Group reporting
Consolidation / review
Where this becomes difficult
The need is strongest when the close depends on fragmented data and manual follow-up.
Recurring IntercompanyMultiple entities exchange balances every close.
Different source systemsERP, account structures or reporting files are not fully aligned.
Manual investigationMatching may exist, but root-cause analysis and follow-up remain manual.
Limited status visibilityGroup Accounting lacks one clear view of open differences by entity.
How it works
Four steps aligned with the close reconciliation process.
MASTERGAAP works from existing balances, general ledger extracts or Intercompany files. The review focuses on reciprocal positions, differences requiring investigation and their resolution.
2
Reconcile positions
Compare reciprocal balances by entity pair and surface differences at the level relevant for review.
3
Classify differences
Distinguish cut-off, foreign exchange, billing, period, account or posting differences and document the identified cause.
4
Resolve & validate
Assign required corrections, track open items and retain the rationale for accepted or unresolved differences at the close date.
Finance deliverable
An Intercompany reconciliation file ready for close review.
Intercompany Reconciliation File
A structured view of reconciled positions and exceptions requiring follow-up, with the traceability needed to understand the position at the close date.
Balances by entity / counterparty
Matched and unmatched differences
Cause & resolution action
Status & support for open items
Finance control
Data → matching → exceptions → resolution → validation.
The engine applies defined reconciliation rules and thresholds. Exceptions remain visible, traceable and reviewable. AI assistance may help explain or document a difference; it does not replace reconciliation logic or Finance validation.
01Data
02Matching
03Exceptions
04Resolution
05Validation
Review an existing cycle
Start with a focused review of a real Intercompany scope.
Use a completed close cycle or anonymized data to assess reconciliation quality, exception visibility and the usefulness of the resulting review file.
One period · selected scope · existing exports
The review remains deliberately bounded: enough to assess the workflow on real Finance data without turning the first step into a broader implementation project.
BI ADVISORY · MASTERGAAP
A clearer Intercompany process before the close is finalized.
MASTERGAAP structures reconciliation and difference documentation using existing Finance data, with an output that Group Accounting and Reporting teams can review and verify.