Intercompany Transaction Tracker
PRODocument, reconcile, and eliminate intercompany transactions for consolidation. Match multi-ERP data, generate elimination entries, ensure transfer pricing compliance, and accelerate financial close.
Example Usage
“I manage consolidation for three subsidiaries (Company A, B, and C) with separate SAP instances. In December 2025:
- Company A shipped $250,000 of manufactured goods to Company B (intercompany sale)
- Company B did NOT receive/record the goods until January 1, 2026 (goods in transit)
- Company A charged Company C a $50,000 management fee for corporate overhead
- Company C has a 20% minority interest holder
I need to:
- Match and reconcile these transactions despite the timing difference
- Calculate what needs to be eliminated from the consolidated P&L and balance sheet
- Handle the minority interest allocation properly on the management fee
- Generate the elimination journal entries for consolidation
- Identify any transfer pricing documentation issues
Walk me through the complete elimination process.”
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Suggested Customization
| Description | Default | Your Value |
|---|---|---|
| How often reconciliation cycles execute (daily, weekly, monthly, quarterly) | monthly | |
| Dollar amount below which transactions auto-reconcile; above triggers exception review | 1000 | |
| Transfer pricing methodology (CUP, resale_price, cost_plus, profit_split, TNMM) | comparable_uncontrolled_price | |
| How to allocate elimination adjustments to NCI (proportional, consolidated_only) | proportional_elimination | |
| Currency for standardization (functional_currency, parent_currency, USD) | functional_currency | |
| Minimum days to retain audit trail (default: 7 years per US standards) | 2555 |
Research Sources
This skill was built using research from these authoritative sources:
- IAS 27 - Consolidated and Separate Financial Statements IFRS standard defining consolidation principles and complete elimination requirements
- ASC 810 - Consolidation (US GAAP) US GAAP consolidation standard specifying elimination procedures and minority interest
- OECD Transfer Pricing Guidelines International guidance on arm's-length pricing for intercompany transactions
- IRS Transfer Pricing Documentation US requirements for transfer pricing documentation with penalty guidance
- BlackLine Intercompany Solutions Enterprise platform for intercompany reconciliation and elimination automation
- PlaidCloud Intercompany & Transfer Pricing Enterprise automation for end-to-end intercompany accounting
- Redwood Intercompany Accounting Software Multi-ERP integration for journal entry automation and matching
- PwC Intercompany Reconciliation Best Practices Professional guidance on reconciliation steps and operational controls
- Cointab Intercompany Reconciliation Guide Comprehensive playbook on standardized processes and real-time data sharing
- Reddit Accounting Community Insights Practitioner discussions on timing discrepancies and real-world challenges