Ten public sources inform this guide; it does not claim an average intercompany mismatch rate.
Close & Reporting
Bookkeeping intercompany-reconciliation research
A control framework for intercompany balances, confirmations, eliminations, and close handoffs.
Published · 10 listed sources
Key takeaways
- Both sides of an intercompany balance need matching evidence.
- Currency, timing, and coding differences should be visible exceptions.
- Elimination entries require review and a documented basis.
Key statistic
Methodology
Use a bilateral schedule, standardized counterparty and period fields, confirmation status, currency treatment, and a dated resolution log.
Close handoff
Support prepares matches and evidence. The consolidation owner reviews differences, approves eliminations, and retains policy judgment.
Limitations
Group structures, currencies, and reporting frameworks differ. Tailor the control to the entity map and close calendar.
Evidence map
These notes connect bounded statements on this page to the listed public sources. They do not turn operational interpretations into empirical findings.
- The source list includes FASB Accounting Standards as public guidance relevant to close controls.
- IFRS Foundation is listed to frame review questions about bookkeeping intercompany-reconciliation research.
- U.S. IRS, Recordkeeping provides context; this report does not treat that source as proof that a staffing model causes an outcome.