Taskade Genesis handles intercompany bookkeeping automatically — recording transactions in both entities, matching them, and producing the elimination entries needed for a clean group consolidation.
What Is Intercompany Transaction Automation?
Intercompany transaction automation manages the accounting entries that arise when one group entity trades with another — loans, management charges, goods transfers, dividends. Automation ensures both sides of every transaction are recorded consistently and produces the matching entries needed to eliminate them at consolidation.
Why Use Intercompany Transaction Automation?
- Elimination errors eliminated: An AI agent matches corresponding entries across entities and flags any outstanding imbalances before consolidation.
- Both-sides recording: When entity A raises a charge to entity B, the system creates the matching payable in entity B automatically.
- Real-time imbalance reporting: A Table view shows live intercompany balances by entity pair so nothing builds up.
- Audit trail: Every intercompany transaction is logged with the initiating entity, amount, and matching status.
- Multi-entity linked: The Relationship field connects each transaction to both the originating and receiving entity records.
Who Should Use Intercompany Transaction Automation?
- Group finance teams managing multiple legal entities with frequent intercompany activity.
- Accountants preparing consolidated accounts for a group with complex intercompany flows.
- CFOs at holding companies overseeing subsidiaries across multiple jurisdictions.
- Controllers at private equity-backed businesses with active management charge arrangements.
- Bookkeepers managing the accounts of related entities for the same owner.
How To Automate Intercompany Transactions?
- Clone the Intercompany Transaction app from /automate — live in ~10 seconds.
- Set up entity profiles and intercompany relationships in the database using the Relationship field.
- Connect each entity's accounting data via 100+ integrations so transactions feed in automatically.
- Configure the AI agent to match entries, flag imbalances, and generate elimination journals.
- Export the elimination workings to your consolidation model or accounting software at period end.
Browse more group accounting workflows at /community and explore /automate.