Domestic Intercompany Accounting Policy

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Screenshot of the first page of Domestic Intercompany Accounting Policy

This policy establishes guidelines for recording intercompany accounting transactions, which are defined as all accounting transactions that occur between two or more locations within a company.

In this example, all domestic intercompany accounting transactions must be recorded on a timely basis, focusing on the following transactions: recording intercompany charges and period-end cutoffs, intercompany billing adjustments, intercompany account reconciliation, discrepancy follow-up, shipments, approved intercompany systems, accruals, minimum intercompany transaction amounts, and documentation.

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