IC pair summary
Each entity-counterparty pair with net balance and elimination status.
Consolidation
Intercompany elimination checker for faster consolidation review.
Upload a CSV of intercompany transactions and instantly find unmatched entries, unbalanced entity pairs, and missing counterparty records. The tool groups transactions by IC pair, checks that each pair nets to zero, and flags every exception before you start elimination journals.
Direct answer
An intercompany elimination checker reviews IC transactions to verify that every entry has a matching
counterparty entry that nets to zero, flagging unmatched, unbalanced, or missing-counterparty rows
before consolidation.
Browser-only processing
CSV or pasted Excel data
Built for consolidation teams
1. Load your IC export
CSV or pasteor
2. Review the column mapping
Auto-mapped
Live Tool
Intercompany elimination review in the browser
Upload a file, confirm the column mapping, and review the elimination exceptions before you scroll into the guide below.
Privacy-first workflow
This tool processes the file inside your browser. No data is uploaded to any server.
What this intercompany elimination checker is built to solve
Consolidation teams need to know which IC pairs will not eliminate cleanly before they start building elimination journals. This tool answers that question from a single exported file.
Unbalanced IC pairs that break elimination
See which entity pairs have a net difference that needs to be resolved before close.
Unmatched entries with no counterparty offset
One entity recorded the transaction but the other side is missing from the export.
Missing counterparties that do not appear in the data
Entities named as counterparties but with zero transactions of their own in the file.
Exception detail
Individual transactions that contribute to unbalanced or unmatched IC pairs.
Entity overview
High-level view of each entity's IC activity and exception count.
Use signed amounts or separate debit and credit columns. No rigid template required.
Group transactions by entity-counterparty pair and verify each pair nets to zero before consolidation.
Every flagged transaction shows the pair, the net difference, and the reason it was flagged.
Download flagged rows and route them into journal prep, reviewer follow-up, or audit workpapers.
Guide Below The Tool
How to use an intercompany elimination checker well
Direct definitions, concrete steps, and practical follow-up guidance for consolidation teams.
An intercompany elimination checker reviews IC transaction detail to verify that every entry has a matching counterparty entry that nets to zero, flagging exceptions before consolidation.
Controllers, consolidation teams, accounting managers, and auditors who need to verify IC elimination completeness before producing consolidated financials.
A CSV export with entity, counterparty, account, description, and either a signed amount or debit and credit columns. The more detail you include, the stronger the exception review becomes.
Workflow
Four practical steps
Use the checker as a pre-elimination triage layer. The goal is to surface the pairs that need attention before you build elimination journals.
1
Export IC transaction detail
Pull the intercompany transaction report from your ERP or consolidation system with entity, counterparty, account, and amount fields.
2
Map the important columns
At minimum, map entity, counterparty, and amount or debit and credit. Add account and description for richer exception context.
3
Review the flagged pairs
Start with the largest net differences and unmatched entries because they create the biggest consolidation risk.
4
Export and resolve
Download exception rows and route them into journal entry prep, counterparty coordination, or audit support.
Elimination Checklist
What consolidation teams check first
These checks reflect the most common intercompany elimination pain points during consolidation close.
Each entity-counterparty pair should net to zero. A nonzero balance means the pair will not eliminate cleanly.
If one entity recorded a transaction but the counterparty has no offsetting entry, the elimination will be incomplete.
Entities named as counterparties but absent from the data usually signal a gap in the IC reconciliation process.
The same IC flow may hit different accounts in each entity, creating mapping confusion during elimination.
IC transactions recorded in different periods by each entity create temporary imbalances that need tracking.
Multi-currency IC entries may balance in local currency but create differences after translation.
FAQ
Intercompany elimination checker questions, answered directly
Written in short, answer-engine-friendly form so searchers can get a clear answer without digging through filler.
An intercompany elimination checker reviews IC transaction detail to verify that every intercompany entry has a matching counterparty entry that nets to zero. It flags unmatched entries, unbalanced pairs, and missing counterparties before consolidation.
No. The page processes the file entirely in your browser. That makes it useful for a first-pass elimination review when you are not ready to move raw IC data into a third-party platform.
At minimum, include entity, counterparty, and either a signed amount or separate debit and credit columns. Adding account, description, and date fields makes the exception review more actionable.
Controllers, consolidation teams, accounting managers, and auditors who need to verify that intercompany transactions eliminate properly before producing consolidated financials.
Yes. If you need automated IC matching rules, multi-currency handling, approval routing, or ERP connectivity, Ledger Summit can build a production version around your consolidation process.
Next Step
Want this connected to your ERP, approval flow, and elimination rules?
Use the free checker for first-pass elimination review. If you want a branded internal tool with your own matching rules, multi-currency support, and workflow, Ledger Summit can build the production version around your actual consolidation process.
Book a free call