Agree intercompany transactions, post each entity in its own period, reconcile balances and review consolidation differences.
6 stages · 3 approvals
Follow the process from start to finish. Select a step to see who acts and what changes.
AR Clerk raises a sale or recharge; Treasury Analyst raises a loan, repayment, cash transfer or settlement. The transaction names both entities, the agreed currency and amount, the transaction date, each entity's posting period and the group reporting context. Supporting evidence identifies the charge or movement.
noneThe originating AR Clerk or Treasury Analyst submits. The from-entity journal posts at that entity's approved rate into its eligible period. The counterparty receives the request in Intercompany Awaiting My Confirmation. Submission alone does not post into the counterparty's ledger.
from-entity posting at its rate in its own eligible periodApproval waits for the controller.
Counterparty AP Clerk confirms a sale or recharge; counterparty Treasury Analyst confirms financing, transfer or settlement activity. The confirmer differs from the raiser and has authority for that entity. Confirmation checks its posting period and rate before the to-side journal posts. A rejection records the dispute and reason.
to-entity posting at its rate in its own eligible periodController: Approve JournalEntries, RevaluationRuns, BankReconciliations, Bills and credit memos above clerk limits, PayRuns and urgent PaymentsMade above AP Clerk limit, disputed IntercompanyTransactions, DepreciationRuns, AllocationRuns, AssetMovements, RateOverrides, ApprovalDelegations and waived CloseTasks
Approval waits for the controller.
Controller reviews differences in amount, acceptance, rate or timing. Corrections preserve original evidence and reverse affected postings where necessary. A period mismatch is mapped to the appropriate group reporting period or supported by an approved adjustment; it is not hidden by assigning both entities one period.
approved corrections or linked reversals in eligible periodsController: Approve JournalEntries, RevaluationRuns, BankReconciliations, Bills and credit memos above clerk limits, PayRuns and urgent PaymentsMade above AP Clerk limit, disputed IntercompanyTransactions, DepreciationRuns, AllocationRuns, AssetMovements, RateOverrides, ApprovalDelegations and waived CloseTasks
Approval waits for the controller.
Controller reviews the proposed balance per entity pair and currency with both entity owners. They agree the balance or retain an explained dispute. Revaluation uses each entity's applicable rate and carrying basis; agreement in transaction currency does not guarantee identical reporting-currency results.
revaluation through each entity's approved runController: Approve JournalEntries, RevaluationRuns, BankReconciliations, Bills and credit memos above clerk limits, PayRuns and urgent PaymentsMade above AP Clerk limit, disputed IntercompanyTransactions, DepreciationRuns, AllocationRuns, AssetMovements, RateOverrides, ApprovalDelegations and waived CloseTasks
Approval waits for the controller.
Treasury Analyst prepares settlement through the authorised banking process. Controller prepares consolidation eliminations in the group unit, tracing each entry to transactions and balance agreements. Any translation or timing residue follows a documented adjustment and independent-review path before consolidation can lock.
settlement through banking; reviewed eliminations and adjustments in the group unitIntercompanyTransactions, ApprovalDecisions, JournalEntries, JournalEntryLines
IntercompanyTransactions, JournalEntries
IntercompanyBalances, RevaluationRuns, RevaluationItems
A rejection records the dispute and reason.
A period mismatch is mapped to the appropriate group reporting period or supported by an approved adjustment; it is not hidden by assigning both entities one period.
They agree the balance or retain an explained dispute.
| Stage | Records | Dr | Cr |
|---|---|---|---|
| 1 Raise | IntercompanyTransactionsAccountingPeriodsEntities | none | none |
| 2 Submit and post the from side | IntercompanyTransactionsJournalEntriesJournalEntryLines | from-entity posting at its rate in its own eligible period |
|
| 3 Confirm | IntercompanyTransactionsApprovalDecisionsJournalEntriesJournalEntryLines | to-entity posting at its rate in its own eligible period |
|
| 4 Resolve disputes | IntercompanyTransactionsJournalEntries | approved corrections or linked reversals in eligible periods |
|
| 5 Agree balances | IntercompanyBalancesRevaluationRunsRevaluationItems | revaluation through each entity's approved run |
|
| 6 Settle and eliminate | IntercompanyTransactionsPaymentsMadePaymentsReceivedEliminationEntriesConsolidationRuns | settlement through banking; reviewed eliminations and adjustments in the group unit |
Every entity pair and currency for the period with each side's balance, the difference and the agreement status, drillable to the transactions in the period with both entities' booked amounts, so the consolidation cannot start with an unexplained difference.
Posted residual settlement and bank-disposal FX plus posted revaluation FX, per entity, currency and period. RevaluationReleased is a carrying-value allocation and is not added to P&L again; any optional lifetime presentation identifies previous-period recognised FX separately.
Approval waits for the controller.
Per account per cost center, budget, actual, variance and variance percent for period, quarter-to-date and year-to-date, in entity currency or translated at the budget rate for the group view.
Approval waits for the controller.
An agent cannot approve a revaluation, authorise payment, confirm an intercompany transaction for the receiving entity or sign off a close. It cannot bypass limits, entity access or separation of duties. Preparation remains distinct from the human approval required to release or post the work. Test those restrictions during implementation and retain the agent identity in the audit trail.
Approve reconciliations, revalue supported balances, review the close and consolidate each entity into the group reporting currency.
6 stages · 3 approvals
Invoice customers in their currency, record cash when it arrives, and reconcile each application with the amount owed and its current carrying value.
6 stages · 2 approvals
Review supplier bills, approve spending within recorded authority, and track payments, currency differences and rejected-bank attempts through to reconciliation.
6 stages · 2 approvals
Restate foreign-currency balances with item-level workings, independent approval and a clear basis for later settlement.
6 stages · 1 approval
Translate entity results into the group currency, review eliminations and adjustments, and approve a reproducible consolidation.
6 stages · 2 approvals
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