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Inter-Company Reconciliation (ICR) Services

Accuracy Across Entities. Transparency Across Borders.

Inter-Company Reconciliation is a high-value compliance and audit-focused service that truly sets apart firms serving corporates, groups, and conglomerates.

Why Inter-Company Reconciliation Matters

For businesses operating multiple group entities — subsidiaries, associates, joint ventures, or overseas branches — inter-company transactions are inevitable. Yet, they are also the biggest source of mismatches, compliance failures, and audit qualifications if not managed properly.

Challenges include:

Mismatched invoices, loans, and expense allocations
Timing differences in recording transactions
Foreign exchange variations in cross-border deals
Duplicate or unrecorded entries
Lack of visibility across multiple books

At FinnovateAI, we ensure your group accounts speak the same language, with 100% reconciled balances that withstand the toughest audit scrutiny.

Our Inter-Company Reconciliation Services

Transaction Mapping - Aligning sales, purchases, loans, advances, and allocations between group entities
Balance Confirmation - Monthly/quarterly confirmations with counterparties
Mismatch Identification & Resolution - Highlighting differences and providing corrective entries
Foreign Exchange Adjustment - Addressing currency conversion discrepancies for global entities
Elimination Entries for Consolidation - Preparing audit-ready adjustments for group reporting
Documentation & Evidence - Maintaining digital audit trails for statutory compliance
Continuous Monitoring - Regular reporting cycles to avoid year-end surprises

Why Choose FinnovateAI?

Audit-Ready Compliance - Ensure smooth statutory and internal audits
Technology-Enabled Matching - Automated reconciliation with ERP/accounting system integration
Group-Wide Visibility - Consolidated dashboards across entities and geographies
Error & Fraud Prevention - Early detection of mismatches and irregularities
Global Standards Alignment - IND-AS, IFRS, and US GAAP compliance for consolidated reporting
End-to-End Support - From recording transactions to final eliminations in consolidation

Our Process

Data Collection & Mapping - Import ledgers from each entity
Transaction Matching - Align AR/AP, loans, advances, and allocations
Discrepancy Identification - Highlight mismatches, timing differences & FX variances
Resolution & Adjustments - Pass correcting entries and align balances
Consolidation-Ready Reporting - Provide elimination-ready schedules for group reporting

Who Needs It?

Conglomerates & Corporate Groups - Multiple entities under one umbrella
Startups with Subsidiaries - India + foreign operations
NBFCs & Investment Holdings - Complex intra-group loan transactions
MNCs with Branch Offices - Cross-border reconciliations across geographies
Family-Owned Businesses - Multiple partnerships/companies under common management