Intercompany reconciliation, frequently asked questions

Intercompany reconciliation is the process of matching transactions between two entities within the same group (Entity A and Entity B) to ensure that balances align before consolidation.

It helps ensure accurate financial reporting, clean balances before consolidation, identification of mismatches and missing entries, and a faster month-end close.

You need data from Entity A such as receivables, payables, invoices, and journal entries, along with corresponding entries from Entity B. Both can be uploaded in CSV or Excel format.

No. CleverBalance standardizes both datasets internally, so differences in format, column names, and date structures do not affect reconciliation.

CleverBalance uses invoice and reference matching, amount and date logic, rule-based matching for structured cases, and AI-based matching for complex scenarios. This ensures both accuracy and coverage.

CleverBalance can match one entry in Entity A to multiple entries in Entity B, or multiple entries in Entity A to one entry in Entity B. As long as the total amount matches, the system reconciles them.

Yes. CleverBalance supports netting scenarios where multiple transactions are settled together and balances are adjusted through net settlements.

Adjustments, reversals, and corrections are automatically considered during matching. They can be included in grouped matches and highlighted clearly in outputs.

CleverBalance allows for date differences, which helps handle cross-period postings, delayed entries, and differences in accounting timelines between entities.

The system can still match transactions using similar or partial references, amount matching, date proximity, and description similarity. AI helps resolve mismatches in booking logic between entities.

No. CleverBalance ensures amounts always balance, avoids low-confidence matches, and leaves uncertain cases as unmatched for review.

You get two clear outputs: matched transactions for aligned entries between entities and unmatched transactions for differences requiring attention.

Yes. You can download Excel reports including matched transactions and unmatched transactions. These reports are audit-ready and easy to review.

Transactions present in one entity but not matched in the other will appear in the unmatched section, helping you quickly identify missing entries.

Yes. CleverBalance highlights amount mismatches, incomplete postings, and entries requiring adjustment.

Yes. CleverBalance is designed for multi-entity organizations, high transaction volumes, and complex intercompany structures.

Yes. CleverBalance works well for CA and CPA firms managing group clients with consolidation requirements.

CleverBalance reduces time spent on intercompany tie-outs, identifies issues early, and helps close books faster and more accurately.

No. The workflow is simple: upload, map columns, run, and review. Most users can start immediately.

Typically a few minutes, depending on data size. It replaces hours of manual work.

Yes. Your data is securely processed and used only for reconciliation purposes.

Yes. You can upload your entity datasets and run reconciliation immediately.

Yes. CleverBalance offers a 14-day free trial with no credit card required.