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- Intercompany Reconciliation
- Process
- Settlement release
Settlement release
A settlement links an amount and movement method to the charge it is meant to settle. The settlement analyst prepares that record, then uses the native release action. Finance compares the released movement with bank evidence and remaining charge balances before treating it as reconciled.
Step by step
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Compare pair Senior Accountant
Senior Accountant checks the payable, receivable, partner references and amounts before agreeing a proposed transfer or net amount.
- Establish the intended charge pair
- Updates Intercompany payables, Intercompany receivables
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Schedule settlement Settlement Analyst
Settlement Analyst links the charge records and enters direction, method, date and amount in Scheduled state.
- Record proposed movement and links
- Updates Settlements, Intercompany payables, Intercompany receivables
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Release settlement Settlement Analyst
Settlement Analyst runs the native release action. The guarded transition to Released leaves a Settlement Release receipt.
- Record release result and state
- Updates Settlements, Reconciliation receipts
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Review bank result Senior Accountant
Finance checks the bank reference and supporting statement, then reviews the charge balances and settlement state.
- Attach and compare movement evidence
- Updates Settlements, Reconciliation evidence
Who does what
Roles and permissions- Senior Accountant
- Checks the pair; Settlement Analyst schedules and releases; Controller reviews the cash decision; External Auditor reads the evidence.
Set up Intercompany Reconciliation your way.
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