There are three reasons why intercompany loan accounts can fall out of balance:

Finance teams must then unravel these transactions to find the culprit and rebalance the accounts, this painful process always 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.

If you would like any additional support or have any questions for the team, please get in touch using the chat support function, or via our email: support@getmayday.com