Intercompany Reconciliation — Clear, Accurate, Compliant
We reconcile intercompany balances, transactions, and eliminations across group entities to ensure accurate books and smoother consolidated reporting. Tailored for UAE companies operating in Dubai, Ajman and beyond.
Overview
AL SAHRAA performs systematic intercompany reconciliation to identify and resolve mismatches between group entities. We map intercompany accounts, match transactions, and propose adjustments with full audit trails. Our process supports common accounting systems (Zoho Books, QuickBooks, Xero, Tally) and integrates with existing charts of accounts and opening balances to reduce manual effort. We prepare clear reconciliation schedules and exception reports for management review. We work with your finance team to agree on timing, currency conversions, and intercompany policies, and we document proposed journal entries for posting. Services can be delivered as a one-time cleanup or as an ongoing monthly reconciliation service to support consolidated reporting and audits.
What to prepare
- Chart of accounts for each entity
- Trial balance or general ledger exports
- Intercompany agreements or policies (if any)
- Bank statements for intercompany transactions (if applicable)
- Aging schedules of intercompany payables/receivables
- Access or exports from accounting software (Zoho/QuickBooks/Xero/Tally)
How the process works
- Initial intake: gather intercompany account lists, policies and system access
- Data extraction: pull intercompany transactions from accounting systems
- Matching and exception identification: match transactions and flag discrepancies
- Reconciliation adjustments: propose and document journal entries for posting
- Reporting and handover: deliver reconciliation schedules, exception reports and recommendations
Why clients choose AL SAHRAA
- Admin-reviewed quotations before you proceed.
- Document coordination and progress tracking in one portal.
- Support for business, compliance, visa, insurance, and IT-related requests.
- Clear request history, updates, and delivery follow-up.
Frequently asked questions
What is intercompany reconciliation?
It is the process of matching and resolving transactions and balances between related entities to ensure their ledgers agree and consolidated reporting is accurate.
How long does a reconciliation engagement take?
Duration depends on the number of entities and volume of transactions; a simple monthly reconciliation can be completed in days, while cleanup of backlog items may take weeks.
Do you work with our accounting software?
Yes. We work with common systems including Zoho Books, QuickBooks, Xero and Tally and can accept exports or work with direct access where agreed.
Will you post adjustments directly to our books?
We provide documented journal entries and recommendations; posting can be handled by your team or by us if agreed in the scope of work.
Can you help prevent recurring intercompany mismatches?
Yes. We review processes, suggest policy changes, standardize account mappings and recommend controls to reduce future discrepancies.