What is intercompany matching?

Intercompany matching is the recording of transactions between affiliated companies where they are matched between reporting units for the purpose of elimination and reconciliation. Child companies should have reciprocal records of transactions including: intercompany receivables, payables, sales and purchases. When consolidated, these activities are matched and eliminated. 

Software can help companies flag intercompany transactions. CCH Tagetik's IC Cockpit can help you and will provide you with a simple dashboard displaying the intercompany relationships and their impact on your consolidated financials.

Discover how CCH Tagetik Performance Management Software delivers:
Consolidation & Close
Back To Top