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What Is Intercompany Accounting?

Intercompany accounting is the process of recording financial transactions between different legal entities within the same parent company. Because these entities are related, the transactions between them are not “independent” and companies can’t include a profit or loss from these...

Counting On Continuous Accounting

The goal of any business function is to fulfill its obligations as efficiently and cost-effectively as possible. For accounting and finance staff, this objective has been hampered by the historic paper-based nature of the processes that accountants undertake in closing...