Overview
Xenett automates inter-company reconciliation by identifying balance differences between related companies, highlighting the exact periods and transactions causing those differences, and helping you efficiently review and resolve them. This eliminates manual, time‑consuming inter-company analysis.
Prerequisites
Before using inter-company reconciliation, ensure:
Both companies are connected in Xenett
An Inter-company task exists in your close/project.
Steps
Step 1: Add a task for Inter-company, if not already there
Click New (Top Right)
Select Task
Choose Inter-company Review Point
Save the task
This enables Xenett’s inter-company reconciliation workflow.
Step 2: Create an Inter-company Relationship
Xenett must know which accounts represent inter-company balances.
Open the Inter-company task
Click Create Relation
Select the Source Company (the company you are currently logged into)
Choose the relevant Inter-company Account for that company
Select the Related Company
Choose the corresponding Inter-company Account in that company
Save the relationship
You can create multiple relationships if you manage multiple inter-company accounts.
Step 3: Review Inter-company Balances
Once the relationship is created, Xenett:
Pulls balances for both companies
Displays the balance difference (if any)
Click the difference amount to investigate further.
Step 4: Monthly Difference Analysis
To simplify analysis, Xenett:
Reviews the last 12 months of transactions
Calculates net activity (debits minus credits) per month for both companies
Highlights months where differences exist
This helps you quickly identify problem months instead of reviewing thousands of transactions.
Step 5: Transaction‑Level Drill‑Down
When you click a problematic month:
Xenett drills down to transaction details
Automatically matches identical transactions across companies
Displays only unmatched transactions for review
This ensures you focus only on transactions causing the imbalance.
Step 6: Manual Transaction Matching
If transactions differ in structure (for example, one transaction equals multiple transactions in the other company):
Select the related transactions from both companies
Click Match
Matched transactions move out of the mismatch list, leaving only unresolved items.
This is especially useful when dealing with large volumes of transactions.
Important Notes & Limitations
Xenett does not create or post accounting entries
After identifying differences, you must:
Verify whether transactions are recorded correctly
Post missing or correcting entries directly in the relevant accounting system
Xenett’s role is to identify and surface differences, not to fix them.
Additional Controls
Refresh Button: Pulls the latest data if changes were made in connected accounting systems
Delete Relationship: Remove an inter-company relationship if no longer needed
Balance Sheet Review Findings: Inter-company differences are visible directly from balance sheet review findings
Clicking a finding opens the same detailed reconciliation view.