Back to Intercompany Accounting in R2R: Complete Guide
How do you resolve Intercompany Reconciliation breaks?
Record-to-Report (R2R) · Article FAQ
Detailed Explanation
You resolve Intercompany breaks by identifying the difference, calculating the amount, reviewing supporting documents, contacting the counterparty, determining the root cause, and posting the appropriate correction where required. You then perform the reconciliation again and document the resolution.
More from this article
- What is Intercompany accounting in R2R?
- What is Intercompany Reconciliation?
- What is an Intercompany break?
- 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?
- Can an intercompany reconciliation be completed if a balance remains outstanding?
- 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.