Intercompany Matching Report for Acumatica

What is a Intercompany Matching Report?

An Intercompany Matching Report holds immense importance in the month-end close process for multi-company enterprises. It serves as a valuable tool for Group Controllers to identify and reconcile transactions between subsidiaries. This report automatically detects and presents due-to and due-from transactions, allowing controllers to easily compare and pinpoint any discrepancies. Each company’s matching transactions are displayed on the same row, accompanied by a variance column indicating the level of match. Below is an illustrative example of a consolidation report.

Purpose of Intercompany Matching Reports

The primary purpose of Intercompany Matching Reports is to streamline the month-end close process for companies and organizations. These reports play a critical role, especially for businesses with multiple subsidiaries and internal transactions, by significantly improving the efficiency and accuracy of the Finance & Accounting Department’s operations. By incorporating these reports into their practices, companies can minimize the risk of errors that may lead to incorrect financial statements and ensure a smoother consolidation process.

Benefits to Users

Intercompany Matching Reports bring numerous benefits to business users, empowering them to make well-informed decisions and enhance operational efficiency. These reports provide a consolidated view of intercompany transactions, enabling users to promptly identify any discrepancies or inconsistencies. This facilitates swift issue resolution and necessary adjustments. Access to accurate and up-to-date information empowers users to confidently analyze financial data and gain valuable insights into the overall financial health of the organization. Moreover, the streamlined month-end close process facilitated by these reports saves time and effort for users, allowing them to focus on value-added tasks and strategic decision-making. Ultimately, leveraging Intercompany Matching Reports empowers business users to improve decision-making, optimize resource allocation, and contribute to the overall success of the organization.

Intercompany Matching Report Example

Here is an example of an Intercompany Report that automatically matches sales, purchases, payables and receivables.

Intercompany Matching Report for Acumatica

Intercompany Matching Report Example from Solver

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 Reports 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: Acumatica, 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)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Only Solver delivers a one-day rapid deployment, including free and instant access to $100K of value available on Day 1 in the Solver Marketplace. Solver is committed to helping you with all your advanced planning and reporting needs, so you can Accelerate Better Decisions – starting now. Take a free tour of Solver for any of these ERPs: