Change Log

Intercompany Auto-Reconciliation is here! This feature automatically matches intercompany transactions, leaving you with only asymmetrical postings to resolve, saving you time and streamlining your reconciliation process.

The Intercompany Matrix now supports QuickBooks (QBO) entities, allowing you to view balances and discrepancies across all intercompany relationships, whether they are in QBO or other accounting systems like Xero.

You can now see when each of your entities last synced their data with the new Sync Status feature, visible directly within the app. This enhancement provides real-time visibility into sync issues and allows for easy re-syncing without leaving the app.

A new Date Picker allows you to run Group AP & AR reports for any specific date, giving you more flexibility and control over historical financial data.

You can now hide intercompany counterparties from Group AP & AR reports, providing a clearer view of external transactions and simplifying financial reports.

Automatic mapping for Intercompany AP/AR is now available, simplifying the process by identifying and mapping relationships when data is uploaded. This version streamlines multi-entity management while reducing manual errors.

445 reporting is now available in Consolidation, allowing you to divide the financial year into consistent 13-week quarters. This reporting format helps provide balanced and comparable data across quarters for better financial analysis.

You can now view account codes alongside account names in your group reports, making it easier to track and manage your accounts. This simple yet highly requested feature enhances your financial reports by providing better account visibility.

You can now export your Intercompany Matrix, including loan and AP/AR data, to Excel. This feature allows you to save your intercompany data exactly as it appears in the system for better analysis and reporting.

Weekly reporting is now available in Consolidation, allowing you to select a weekly comparison period for group reports. This new feature provides more flexibility in spotting trends and analyzing financial data.

Now you can switch between viewing balances and discrepancies for intercompany pairs in the Matrix. This gives you full control over how you analyze your intercompany data, making it easier to spot discrepancies and manage intercompany relationships.

You can now reorder entities in the Intercompany Matrix to prioritize the data that matters most. Personalize your matrix view to focus on the most important entities, making your workflow smoother and more efficient.

Our platform now automatically maps intercompany loan accounts, identifying relationships and mapping them for you. While it’s not 100% perfect yet, it’s a significant time-saver for multi-entity financial management.

We’ve updated the Intercompany Settings page, allowing larger groups to manage intercompany relationships more efficiently. View, add, edit, and delete relationships all in one place, streamlining the management process.

Our new reconciliation tool helps you reconcile intercompany loan accounts, identifying asymmetrical transactions and necessary FX adjustments. Streamline your reconciliation process without needing GL downloads.

You can now apply markup percentages to your intercompany recharges. This new feature allows you to allocate additional costs within journals or invoices, covering admin fees or aligning with transfer pricing agreements.

Customise your group reports with consolidated headers and the ability to reorder rows. Create custom views, organize your P&L and BS, and add key metrics like EBITDA for better financial insights.

The Cash Management workflow now allows you to drill down into your group’s cash position. View your balances by entity, currency, and bank account, and examine the transactions behind them.

Our Intercompany Matrix now includes AP/AR intercompany transactions, enabling better visibility into imbalances. Map multiple counterparties for each relationship and manage discrepancies across journals and invoices.

You can now customise key metrics like payables, receivables, and cash movements in your Treasury reports. Get a clear overview of your group’s cash position across Xero-connected entities.

You can now download all your intercompany transactions to Excel, enabling better analysis and reporting. Filter transactions by entity, date, amount, and more, and easily review your transactions in Xero.

Our updated multi-entity Search feature allows you to customise the data you retrieve, making it easier to search within and across entities. Tailor your search results by filtering and sorting data, and even customise columns to suit your specific reporting needs.

You can now manage intercompany recharges more precisely by allocating recharges across multiple accounts and tracking categories within each entity. This enhancement ensures more accurate financial reporting and detailed allocations across departments.

We’ve made the Intercompany Matrix even easier to use, helping you gain faster insights into account discrepancies and balances. View discrepancies in real time and click through to underlying transactions for a detailed review, all within the updated matrix.

Ensure your multi-currency loan balances are consistent across both the Intercompany Matrix and Group Reporting. Our platform now synchronizes FX rates across workflows, delivering real-time updates and seamless integration between intercompany and consolidation processes.

With our latest update, you can now automate intercompany recharges to multiple accounts and tracking categories. This feature simplifies recurring transactions, enabling you to post them automatically to Xero and manage your intercompany transactions across multiple accounts with ease.

Our Treasury product now offers a consolidated view of your group’s cash position, allowing you to see balances across multiple entities, banks, and currencies. This new feature simplifies multi-entity cash management, giving you a complete financial overview in one place.

Our Intercompany Matrix enables you to instantly spot imbalances and discrepancies across multiple entities, all in real-time. With live updates 24/7, you can manage your intercompany accounts without needing Excel, ensuring seamless multi-entity financial management.

With our latest Consolidation feature, you can now add custom KPIs like EBITDA to your group reporting. Use our formula maker to create metrics that offer enhanced financial insights, improving multi-entity reporting across your organization.

Group AP & AR is now accessible to all users, providing a consolidated view of aged payables and receivables for your entire group. This new feature allows you to seamlessly manage multi-entity accounting by viewing aged payables and receivables both for your entire organization and individual entities.