Inter-company Reconciliation

Issues

Increased time is being spent on the reconciliation of accounts over different companies within a group as they dynamically evolve across different business sectors and locations.

Expectations

A system that allows for the preparation of cross ledger vouchers as if it were a single company would in fact avoid most issues within inter-company accounts.

Solutions

FESA Financial supports the user-defined auto-generation of vouchers attributed to individual legal entities as a result of the preparation and posting of cross ledger vouchers.

Benefits

Upon implementation of the inter-company automation module of FESA Financial, inputting inter-company vouchers no longer requires the input of relevant account codes and avoids most of the typical discrepancies of inter-company accounts.