Last year we released our Intercompany App which allows you to automate all things Intercompany accounting:

“The intercompany feature in Translucent is a game-changer.”

, saving a significant amount of time in my practice. It eliminates manual processes and integrates multiple entities on one platform, so I no longer need multiple spreadsheets.”

Two of the most popular parts of our Intercompany App are the IC matrix for loan accounts and the IC matrix for Accounts Payable / Accounts Receivable accounts. These enable you to quickly spot if you have intercompany discrepancies and where those discrepancies are.

Today, we are delighted to announce that we are offering a version of these matrices for free!

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A free Intercompany Matrix for Loan accounts

The new free Loan Matrix is a tool in our Intercompany App will help you to quickly identify:

1) The total value of Intercompany Loan account discrepancies

2)The entity pairings in which Intercompany Loan account discrepancies are present

This tool works with Xero, Quickbooks Online (QBO) and Pennylane.

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A free Intercompany Matrix for AP/AR accounts

The new free Accounts Payable / Accounts Receivable Matrix is a tool in our Intercompany App will help you to quickly identify:

1) The total value of AP/AR account discrepancies

2) The entity pairings in which AP/AR account discrepancies are present

This tool works with Xero, Quickbooks Online (QBO) and Pennylane.

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How does the Intercompany Matrix work?

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You integrate your accounting software

You integrate the accounting software from all of your entities. Please note that your group need not all use the same accounting software. We currently integrate with Xero, QBO and Pennylane.

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We automatically map your Intercompany accounts

We try to automatically map both your loan accounts and your AP/AR accounts. Please note that due to the very wide range of structures that different companies use we can’t always map all of your accounts.

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You can edit, or add to, the mappings

You can change or add to any of the Intercompany account mappings.

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We show you if you have Intercompany discrepancies

By pulling the live data from all your accounting softwares we are able to show you if you have IC discrepancies. 

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We show you the total value of your IC discrepancies and where they are

The Intercompany Matrix will show you the total value of your discrepancies and where they are.

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Fix the discrepancies in your Intercompany Accounts

Our Intercompany Matrix is a free tool to help you identify and quantify the value of discrepancies in your Intercompany Accounts.

If you’d like to understand the exact amount of the discrepancies in each pairing, start a 14-day free trial of our Intercompany app. Upgrade to Pro to quickly fix discrepancies by posting journals directly into Xero & QBO—saving time toggling between entities.