Entity A Ledger vs Entity B Ledger Reconciliation

Entity A Ledger vs Entity B Ledger reconciliation is the process of comparing ledger entries between two entities to identify matched intercompany transactions, missing entries, debit-credit differences, amount differences, timing differences, balance mismatches, and open items.

The main files are Entity A ledger and Entity B ledger. Depending on the workflow, intercompany invoice registers, debit note files, credit note files, journal reports, payment reports, bank statements, tax reports, ERP exports, currency files, or supporting data may also be used.

Yes. Cointab can match intercompany invoices using invoice numbers, document numbers, voucher numbers, entity names, amounts, dates, and supporting references.

Yes. Debit notes, credit notes, reversals, corrections, recoveries, write-backs, and adjustment entries can be compared across both entity ledgers.

Yes. Payments in one entity and receipts in the other entity can be matched using payment references, UTRs, bank references, dates, amounts, and clearing entries.

Yes. Cointab can show entries that appear in Entity A but not Entity B, and entries that appear in Entity B but not Entity A.

Yes. Transactions posted in different periods across the two entities can be identified separately from unresolved open items.

Yes. Opening balances, period movements, debits, credits, and closing balances can be compared where the required data is available.

Yes. Cointab can compare debit entries in one entity with corresponding credit entries in the other entity, depending on the configured reconciliation logic.

Yes. Transaction currency, base currency, exchange rate, converted amount, exchange gain/loss, and rounding differences can be compared where available.

Yes. GST, VAT, TDS, withholding tax, taxable value, tax reversal, input tax, output tax, and statutory deductions can be compared where data is available.

Yes. Journal vouchers, accruals, provisions, reversals, reclassifications, manual adjustments, and consolidation entries can be compared.

Yes. The same workflow can be used for branch-to-branch, head-office-to-branch, entity-to-branch, or branch-to-entity ledger reconciliation.

Yes. Entity-ledger reconciliation can support related-party balances, intercompany accounts, group company accounts, parent-subsidiary balances, and internal trading accounts.

Yes. Once this template is selected and the workflow is used, the same setup can be reused for monthly, quarterly, year-end, consolidation-period, audit-period, or custom reconciliation periods.

Yes. Once configured, Cointab can receive or pull required ledgers through email, SFTP, or APIs where available, run reconciliation automatically, and push output back to downstream systems.

Cointab validates uploaded files against the expected format. If the ledger formats are different, users can map fields, update the workflow, or create a custom reconciliation.

Yes. AI can help match difficult open records, review inconsistent narrations, analyze amount differences, create derived identifiers, and suggest possible reasons and next actions.

Yes. Users can manually match records that the system and AI could not confidently match, and undo manual matches if needed.

Yes. Users can download Excel reports with fully matched, partially matched, unmatched, timing-difference, balance-difference, skipped, document-level, ledger-level, entity-level, GL-level, and transaction-level details.