Close every entity with clean matches, explained differences, and ready-to-review adjustments.
Let AI Agent run your intercompany reconciliation
Match Mirror Accounts
"Match last month's mirror accounts across the entities in the group inside NetSuite. Pull each entity's chart of accounts and apply the mapping saved in Google Sheets. For each pair, compare balance, offset account, and description. If you find a pair without a mapping, ask me whether to reuse last month's or build a new one. If an entity uses a different chart, ask me which group account is equivalent. Do not post anything yet. Send a sheet with matched accounts, ambiguous pairs, and items with no counterparty."
Find Intragroup Invoices
"Detect last month's open intragroup invoices in QuickBooks Online across the group. Compare bills issued by each entity to bills received by their counterparty, cross-checking tax ID, date, amount, and description. Flag invoices issued without a matching received bill, received without an issued bill, and duplicates. If an intragroup vendor is not tagged as related party, ask me whether to tag it. Do not post anything. Send a Slack report with open items per entity, amount, and supporting source."
Isolate FX Differences
"Isolate last month's FX and timing differences in Sage Intacct for the group's mirror accounts. Compute revaluation in functional currency using the closing FX rate, and separate differences caused by timing (invoice issued one period, recorded the next). Do not flag FX revaluation or timing as a real error. Ask me for the group's FX rate if it is not saved. Return a sheet with differences per pair, the reason, and a proposed treatment."
Draft Elimination Entries
"Prepare last month's intercompany elimination entries in Xero from the approved differences. Generate offsets to the group's eliminations accounts and split by issuing entity and receiving entity. If a proposed entry differs from last month's pattern, flag it and pause for explicit approval. If an eliminations account does not exist in one of the entities, ask me whether to create it or remap. Do not post without my sign-off. Return the proposal in Slack with entries, reason, and entities affected."
Up to 80% Lower Cost to Serve
Up to 80% lower cost to serve means cutting the manual Excel cross-reference of mirror accounts client by client, not the consolidation lead's review. The ai for accounting firms angle holds: the agent assembles the queue; the team decides on exceptions.
Intercompany Reconciliation Without Manual Excel
Intercompany reconciliation breaks when it lives in side spreadsheets nobody versions. An end-to-end agent operating inside the group's ledgers leaves the queue ready in a single pass, with support and trail attached. Connect it to the rest of close via financial consolidation and month-end close with AI.
Per-Group Mirror-Account Memory
Every group has its own mirror-account map. The 4001 in the parent may tie to the 7001 in the sub for one group and to a different account in another. The agent remembers the mapping per group, asks when it sees a shift, and does not assume a generic template. That reduces consolidation rework and elimination errors across periods.
How does Minded handle intercompany reconciliation across parent, subsidiary, and branch ledgers?
Minded compares due-to and due-from activity across entities, flags unmatched balances, and groups differences by counterparty, period, account, currency, and source document. Your team can review the proposed match logic, approve exceptions, and keep a clear trail for close review.
Can the AI bookkeeper find open intragroup invoices and mirror account mismatches?
Yes. Minded checks mirror accounts, intercompany invoices, bills, payments, and journal activity for missing or uneven entries. It can surface one-sided postings, partial settlements, duplicate invoices, and timing gaps so the close lead can assign follow-up before consolidation work begins.
Which accounting systems can Minded use for multi-entity intercompany accounting?
Minded supports workflows across systems commonly used by US accounting firms, including NetSuite, Sage Intacct, QuickBooks Online, Xero, and Zoho Books. It can also work with exported schedules in Google Sheets when one entity is not on the same platform.
How are FX revaluation differences and elimination entries reviewed?
Minded separates operational mismatches from FX revaluation and timing differences. It can suggest elimination entries with entity, account, currency, memo, and supporting transaction references. The accounting team reviews and posts the final journal in the source system or consolidation workbook.
Does Minded support audit log needs for transfer pricing and consolidation review?
Minded keeps an audit log of source records, matching rules, proposed adjustments, reviewer actions, and approvals. That helps firms explain intercompany accounting decisions during close review, transfer pricing support work, and consolidation tie-outs without rebuilding the reconciliation from scattered emails and spreadsheets.