Bookkeeping
Intercompany accounting
Bookkeeping across related entities in more than one EU member state, with intercompany loans, charges and transfers tracked and eliminated, so consolidated reports are not overstated and each local partner works from the same figures.
Bank reconciliation summary
Illustrative client · August 2026
EUR
| Account | Difference | Status | ||
|---|---|---|---|---|
| Operating account··4821 | 184,220.16 | 184,220.16 | 0.00 | Reconciled |
| Reserve account··0937 | 60,000.00 | 60,000.00 | 0.00 | Reconciled |
| Company card··1006 | (12,418.52) | (12,418.52) | 0.00 | Reconciled |
| Card processor clearing | 8,905.40 | 8,905.40 | 0.00 | Reconciled |
| Payroll clearing | 0.00 | 0.00 | 0.00 | Reconciled |
Last weekly runFri, 28 Aug, every account agreed to its statement.
Two open itemsTwo card receipts requested from you, marked on the card account until they arrive.
Illustrative. An example of the document, not a client's figures.
Groups spread across member states
An EU group with a parent in one member state and subsidiaries in others needs intercompany accounting that survives different local GAAPs and, often, different currencies. Finbryn keeps a chart of accounts that matches across every related entity and tracks intercompany loans, allocations and charges so they stay in balance.
What we deliver
- Separate books maintained for each entity, alongside a consolidated view
- Intercompany loans, allocations and charges tracked and kept in balance
- Intercompany transactions eliminated on consolidated reports
- Currency movement on intercompany balances tracked on its own line where entities do not share a currency
Filing across borders
Each entity's local statutory accounts and VAT position are still handled by that member state's registered local partner, since France, Germany and others reserve parts of statutory certification and filing by law. We keep the consolidated and entity-level books consistent so each local partner works from the same underlying figures.
Keeping loans and charges defensible
Intercompany loans and management charges across EU entities can draw scrutiny from a local tax authority if the paper trail is thin. We keep the ledger entries, agreements and supporting detail in one place so your registered local partner has what they need to defend the structure if asked.
Questions
Frequently asked questions: Intercompany accounting
Can you keep books for a parent and subsidiaries in different member states?
Yes. We keep each entity's books separately and produce a consolidated set with intercompany balances eliminated.
What if our entities use different accounting software across countries?
We can work across software, though a shared platform makes consolidation faster and cheaper to maintain.
Who files each entity's local statutory accounts?
That entity's registered local partner, since statutory certification is a reserved activity in states such as France and Germany.
How do you handle a loan between two of our own entities?
The loan is recorded on both sides with matching balances, and any interest is accrued and tracked so the intercompany position always nets to zero at consolidation rather than leaving an unexplained gap. We flag any imbalance immediately rather than let it sit unreconciled across a close.
Do intercompany transactions need to reflect an arm's-length price?
Cross-border intercompany pricing has transfer-pricing implications in most member states; we flag transactions that look off-market so your credentialed local partner can confirm the treatment before it becomes an issue at filing time. We would rather raise this early than have it surface during a future review.
Can you keep books for a parent company and its subsidiaries?
Yes. We keep each entity's books separately and produce a consolidated set with intercompany balances eliminated.
What if our entities are on different accounting software?
We can work across software, though a shared platform makes consolidation faster and cheaper to maintain.
How do we get started with intercompany accounting?
Getting started with intercompany accounting begins with a short review of your current records and software access. Once that is done we confirm scope and timing in writing, and ongoing work begins on the schedule agreed with you.
What if our records for intercompany accounting are not up to date?
If your records are behind, we scope a catch-up first so intercompany accounting starts from a clean, reconciled base. That catch-up is priced and timed separately from the ongoing engagement, so you always know what each part costs.
Related services
- BookkeepingMulti-currency bookkeepingBookkeeping for businesses that bill, pay or hold funds in more than one currency, with exchange gains and losses tracked separately from operating results.
- BookkeepingClass and location trackingTransactions tagged by class, location, property or department, so profit and loss can be sliced by the parts of the business that actually matter to you.
Next step
Talk to the team that would run your books
A short call covers your setup, your software and what a first month would look like. You get a written scope and price after it.