Back to Intercompany Accounting in R2R: Complete Guide
Can an intercompany reconciliation be completed if a balance remains outstanding?
Record-to-Report (R2R) · Article FAQ
Detailed Explanation
Yes. Reconciliation and settlement are separate activities. You can reconcile and validate an outstanding receivable and payable even if the related payment has not yet been made.
More from this article
- What is Intercompany accounting in R2R?
- What is Intercompany Reconciliation?
- What is an Intercompany break?
- How do you resolve Intercompany Reconciliation breaks?
- What are the common reasons for Intercompany mismatches?
- Why is Intercompany Accounting important during month-end close?
- What are the important KPIs in Intercompany Accounting?
- What skills are required for Intercompany Accounting in R2R?
Disclaimer: This material is for educational purposes only. Every financial situation is unique. Consult with a certified professional before making significant decisions.