Accurate Intercompany Reconciliation for UAE Group Companies
We help UAE group companies reconcile intercompany balances, identify exceptions, propose adjustments and deliver clear reports to support month-end close and statutory consolidation.
Overview
AL SAHRAA provides practical intercompany reconciliation services designed for companies operating in Dubai, Ajman and across the UAE. We match payables and receivables between group entities, highlight timing differences, currency variances and posting errors, and produce exception reports you can act on. Our approach combines automated matching in your accounting system (Zoho Books, QuickBooks, Xero, Tally) with manual review for complex items such as recharges, intracompany loans and adjustments subject to UAE VAT. We deliver reconciling schedules, proposed journal entries and clear explanations for each reconciling item. We work with clients on a monthly, quarterly or ad-hoc basis depending on reporting needs and volume. Our deliverables include reconciliation workpapers, summary dashboards for management, and handover notes so your in-house team or external auditors can follow the treatment. Services are scoped locally to UAE requirements, including multi-currency handling and VAT implications. We can integrate with your existing bookkeeping and accounting setup or assist with related services such as chart of accounts alignment, opening balances and migration projects.
What to prepare
- List of group entities and chart of accounts mapping
- Intercompany agreements or recharge schedules
- Trial balances or intercompany subsidiary ledgers for the period
- Supporting invoices, credit notes and payment advices
- Bank statements for related entity transfers (if relevant)
- Access to accounting system (read-only preferred) or exported reports
How the process works
- Scoping call to understand group structure, entities, frequency and systems
- Collect trial balances, intercompany ledgers, contracts and supporting invoices
- Automated and manual matching of intercompany payables and receivables
- Identify exceptions, calculate FX and VAT impacts, prepare proposed journal entries
- Deliver reconciliation schedules, management summary and handover documentation
Why clients choose AL SAHRAA
- Admin-reviewed quotations before you proceed.
- Document coordination and progress tracking in one portal.
- Support for business, compliance, visa, insurance, and IT-related requests.
- Clear request history, updates, and delivery follow-up.
Frequently asked questions
What is intercompany reconciliation and why is it needed?
Intercompany reconciliation compares balances between group entities to ensure payables and receivables match, revealing timing, posting or currency differences that must be resolved for accurate financial reporting and consolidation.
How often should my business perform intercompany reconciliations?
Frequency depends on transaction volume and reporting needs; many UAE groups reconcile monthly for month-end close, while smaller volumes may be handled quarterly or on an ad-hoc basis.
Can you handle multi-currency and VAT implications?
Yes. We identify foreign-exchange revaluation differences and flag UAE VAT considerations on intercompany recharges so adjustments and disclosures are consistent with local practice.
Do you need direct access to our accounting software?
Direct read-only access is helpful but not required. We can work from exported reports and ledgers if system access isn't available.
How long does a typical reconciliation engagement take?
Turnaround depends on entity count and data quality; a monthly run for a small group can be completed within a few business days, while larger groups or cleanup projects take longer — we provide timelines during scoping.