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TCM’s Inter Company Balance module provides identification and elimination of all intercompany data to produce consolidated enterprise results.
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Inter Company Balance Module
TCM’s Inter Company Balance (ICB) module provides identification and elimination of all intercompany data to produce consolidated enterprise results.
The ICB module works on the basis of matching amounts between entities and balancing through the posting of necessary adjustments. The ICB module is integrated with TCM’s journal’s module for the posting of balancing adjustments.
TCM can perform automatic ICB balancing up to designated materiality levels, with adjustments being posted to defined entities and accounts. After balancing, auto elimination can be performed at selected or all consolidation levels.
TCM’s ICB reporting provides a specialised search function to retrieve any intercompany data and identify inter or intracompany transactions at any level of the consolidation process.
The ICB reports allow you to identify differences between companies quickly, providing details of all company balances and adding criteria to return specific information on certain items.
And, TCM gives users full control over criteria selections in the search, allowing each report to be completely tailored to the company’s precise requirements.
Tel: +44 (0) 845 50 50 350 Email: [email protected]
consolidation / reporting / budgeting / forecasting / strategic planning
Key Features
// Matches intercompany amounts between partner entities
// Balancing adjustments can be created and posted manually or automatically
// ICB values eliminated at consolidation levels
// Inter or intracompany balances are selectable
// Balances are available at any level of the consolidation hierarchy
// Easy modification of search criteria to select a specific entity, version, time period, view variable or product
// Multiple currencies can be viewed
// Functionality to edit or filter for specific values or value ranges
