Articles

Ensuring a quick and smooth intercompany reconciliation process is often a challenge for most companies. Globalization and new regulations have made intercompany accounting and the subsequent reconciliation of balances even more difficult, but it's not a task that can be ignored as it can increase corporate risk, as emphasized by Deloitte.

Intercompany accounting can be a laborious, time-consuming task, especially for evolving companies. According to a 2016 Deloitte poll of more than 3,800 accounting professionals, disparate systems, intercompany settlement, complex intercompany agreements and transfer pricing compliance were the four biggest challenges for intercompany accounting.