When a business has multiple related entities, the entities will almost always have intercompany loan accounts. These intercompany loan accounts need to stay in balance so that all of the entities are clear on what is owed and month/year-end consolidation can take place.

Intercompany loan accounts between a business’s related entities easily fall out of balance because of:

The result is that finance teams must then unravel these transactions to find the culprit and rebalance the accounts. The pain of rebalancing the accounts invariably comes at the worst time: at year end, or during a financing or acquisition.

Balancer cross-checks your intercompany loan accounts and immediately flags any discrepancies between them. You’ll be able to quickly find the transaction that unbalanced the accounts and rectify posting asymmetry.

Any FX corrections and/or interest adjustments are auto-calculated for you to one-click post back to Xero.