How to Optimize Intercompany Reconciliation Processes and Motivate Organizational Change
Then, pull reports from your accounting system, compare balances (e.g., Subsidiary A’s receivable vs. Subsidiary B’s payable), and flag any gaps. Establishing firm, group-wide cut-off procedures for recording period-end https://www.bookstime.com/ transactions can eliminate the most frequent reconciliation headaches. Check each company’s records for accounts like receivables (money owed to them), payables (money they owe), loans, […]
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