{"id":999980224,"date":"2026-03-09T10:07:53","date_gmt":"2026-03-09T03:07:53","guid":{"rendered":"https:\/\/bizzi.vn\/?p=999980224"},"modified":"2026-06-03T23:31:23","modified_gmt":"2026-06-03T16:31:23","slug":"internal-transaction-reconciliation-process","status":"publish","type":"post","link":"https:\/\/bizzi.vn\/en\/internal-transaction-reconciliation-process\/","title":{"rendered":"Internal transaction reconciliation process: A fast-closing solution for businesses."},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Intercompany Reconciliation is often a manual &quot;nightmare&quot; that prolongs the closing cycle for weeks and distorts the corporate financial picture. In the age of big data, relying on Excel not only creates the risk of errors but also deprives CFOs of the opportunity to make timely decisions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This article will provide an in-depth analysis. <\/span><b>Five-step international standard for internal transaction reconciliation process.<\/b><span style=\"font-weight: 400;\">, how to handle discrepancies in goods in transit, and the roadmap for applying AI\/RPA to comprehensively transform the Record-to-Report (R2R) process \u2013 from manual to automated.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/bizzi.vn\/en\/internal-transaction-reconciliation-process\/#Loai_tru_giao_dich_noi_bo_la_gi\" >What does &quot;excluding insider trading&quot; mean?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bizzi.vn\/en\/internal-transaction-reconciliation-process\/#Tai_sao_doi_chieu_giao_dich_noi_bo_la_%E2%80%9Cnut_that%E2%80%9D_khi_dong_so\" >Why is internal transaction reconciliation a &quot;bottleneck&quot; when closing the books?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bizzi.vn\/en\/internal-transaction-reconciliation-process\/#Cac_nguyen_tac_cot_loi_ve_tinh_doi_ung_trong_doi_soat_noi_bo\" >The core principles of reciprocity in internal audits.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/bizzi.vn\/en\/internal-transaction-reconciliation-process\/#Quy_trinh_5_buoc_doi_chieu_giao_dich_noi_bo_giup_toi_uu_van_hanh\" >The 5-step internal transaction reconciliation process helps optimize operations.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/bizzi.vn\/en\/internal-transaction-reconciliation-process\/#Ung_dung_giai_phap_Bizzi_Bot_va_EPM_de_tu_dong_hoa_quy_trinh_R2R\" >Applying Bizzi Bot and EPM solutions to automate the R2R process.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/bizzi.vn\/en\/internal-transaction-reconciliation-process\/#Checklist_kiem_soat_giao_dich_noi_bo_cho_ke_toan_tap_doan\" >Internal transaction control checklist for corporate accountants.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/bizzi.vn\/en\/internal-transaction-reconciliation-process\/#Bo_cau_hoi_thuong_gap_ve_quy_trinh_doi_soat_va_loai_tru_noi_bo_FAQ\" >Frequently Asked Questions (FAQ) on Internal Reconciliation and Exclusion Procedures<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/bizzi.vn\/en\/internal-transaction-reconciliation-process\/#1_Lam_the_nao_de_xu_ly_chenh_lech_khi_cong_ty_me_va_con_dung_hai_he_thong_ERP_khac_nhau\" >1. How do you handle discrepancies when a parent company and its subsidiary use two different ERP systems?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/bizzi.vn\/en\/internal-transaction-reconciliation-process\/#2_But_toan_loai_tru_giao_dich_noi_bo_co_anh_huong_den_so_thue_GTGT_da_nop_khong\" >2. Does the accounting entry for internal transactions affect the amount of VAT paid?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/bizzi.vn\/en\/internal-transaction-reconciliation-process\/#3_Tai_sao_phai_loai_tru_lai_noi_bo_trong_hang_ton_kho\" >3. Why should internal profit be excluded from inventory?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/bizzi.vn\/en\/internal-transaction-reconciliation-process\/#4_Sai_lech_bao_nhieu_thi_duoc_coi_la_trong_yeu_trong_doi_chieu_noi_bo\" >4. What percentage of discrepancy is considered material in internal reconciliation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/bizzi.vn\/en\/internal-transaction-reconciliation-process\/#5_EPM_co_ho_tro_hop_nhat_theo_ca_VAS_va_IFRS_khong\" >5. Does EPM support consolidation under both VAS and IFRS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/bizzi.vn\/en\/internal-transaction-reconciliation-process\/#6_Lam_sao_de_xu_ly_giao_dich_noi_bo_phat_sinh_bang_nhieu_loai_tien_te\" >6. How do we handle internal transactions that arise using multiple currencies?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/bizzi.vn\/en\/internal-transaction-reconciliation-process\/#Ket_luan_Tu_xu_ly_giao_dich_den_quan_tri_chien_luoc_tai_chinh\" >Conclusion: From transaction processing to strategic financial management<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Loai_tru_giao_dich_noi_bo_la_gi\"><\/span><strong>What does &quot;excluding insider trading&quot; mean?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Before discussing technology or automation, CFOs need to understand the nature of it. <\/span><b>Exclude insider transactions.<\/b><span style=\"font-weight: 400;\">This is not simply an accounting technique but a mechanism to protect the integrity of consolidated financial statements.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Intercompany transaction elimination is the process of eliminating revenues, expenses, liabilities, and profits arising between entities within the same group when preparing consolidated financial statements. In principle, the group should be presented as a single economic entity (entity concept), therefore all &quot;self-buying and self-selling&quot; transactions need to be eliminated to avoid inflating the size of assets, revenues, and profits.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">From a CFO&#039;s perspective, the issue isn&#039;t just about debit\/credit entries, but about the quality of the input data. <\/span><b>Internal revenue accounting<\/b><span style=\"font-weight: 400;\"> If not properly categorized from the start, the implementation <\/span><b>Intercompany transaction exclusion journal entry<\/b><span style=\"font-weight: 400;\"> This will later become a complex, resource-intensive, and error-prone adjustment process. Errors in exclusions can lead to distortions of indicators such as ROA, ROE, and EBITDA, directly affecting the assessment of management effectiveness.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tai_sao_doi_chieu_giao_dich_noi_bo_la_%E2%80%9Cnut_that%E2%80%9D_khi_dong_so\"><\/span><strong>Why is internal transaction reconciliation a &quot;bottleneck&quot; when closing the books?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If exclusion is the final step of the merger, then <\/span><b>Internal transaction reconciliation process<\/b><span style=\"font-weight: 400;\"> This is the crucial step that determines the book closing schedule. This is often the biggest bottleneck in the entire Record-to-Report (R2R) cycle.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Internal reconciliation is the process of matching accounts receivable and payable, revenue and expenses, and financial transactions between member units. Problems arise when each unit records transactions at different times and uses different systems. <a href=\"https:\/\/bizzi.vn\/erp-la-gi-phan-mem-erp-mang-lai-loi-ich-gi-cho-doanh-nghiep\/\">ERP<\/a> They may differ or have different ways of classifying accounts. These differences create <\/span><b>Insider trading difference<\/b><span style=\"font-weight: 400;\">, causing delays in the implementation of the exclusion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For CFOs, the consequences extend beyond just delayed reporting. When internal data isn&#039;t cleaned up, the assessment of the corporation&#039;s actual working capital becomes inaccurate. Decisions regarding capital transfers, cash flow allocation, or dividend payments may be based on flawed data. This is why many corporations are shifting from a &quot;end-of-period reconciliation&quot; model to &quot;continuous accounting&quot;\u2014performing reconciliations continuously to reduce pressure at the closing date.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Cac_nguyen_tac_cot_loi_ve_tinh_doi_ung_trong_doi_soat_noi_bo\"><\/span><strong>The core principles of reciprocity in internal audits.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">For effective control <\/span><b>Insider trading in consolidated financial statements<\/b><span style=\"font-weight: 400;\">The CFO needs to ensure that the principle of reciprocity is strictly enforced throughout the corporation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The principle of reciprocity requires that all internal transactions be recorded correspondingly and in reverse order in the books of both parties. Ideally, total internal receivables should equal total internal payables after adjusting for time and exchange rates. When this is not achieved, it is a sign of systemic discrepancies.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One often overlooked item is intercompany interest expense. If not fully excluded, this can distort deferred corporate income tax and skew the consolidated earnings structure. For CFOs, standardizing recognition rules from the outset will significantly reduce the volume. <\/span><b>Intercompany transaction exclusion journal entry<\/b><span style=\"font-weight: 400;\"> Needs to be processed at the end of the period.<\/span><\/p>\n<p><strong><em>See more content about <a href=\"https:\/\/bizzi.vn\/khung-kiem-soat-noi-bo-doanh-nghiep-la-gi\/\">Internal Control System Framework (COSO)<\/a><\/em><\/strong><\/p>\n<figure id=\"attachment_999980227\" aria-describedby=\"caption-attachment-999980227\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-999980227 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-doi-chieu-giao-dich-noi-bo.jpg\" alt=\"Internal Transaction Reconciliation Process\" width=\"1024\" height=\"569\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-doi-chieu-giao-dich-noi-bo.jpg 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-doi-chieu-giao-dich-noi-bo-300x167.jpg 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-doi-chieu-giao-dich-noi-bo-768x427.jpg 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-doi-chieu-giao-dich-noi-bo-18x10.jpg 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-999980227\" class=\"wp-caption-text\">To effectively control intercompany transactions in consolidated financial statements, the CFO needs to ensure that the matching principle is strictly enforced across the entire corporation.<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Quy_trinh_5_buoc_doi_chieu_giao_dich_noi_bo_giup_toi_uu_van_hanh\"><\/span><strong>The 5-step internal transaction reconciliation process helps optimize operations.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">One <\/span><b>Internal transaction reconciliation process<\/b><span style=\"font-weight: 400;\"> Standardization not only helps reduce errors but also significantly shortens the bookkeeping cycle. Below is a 5-step model widely applied in international practice.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The first step is to standardize the account portfolio (COA mapping) across different entities to ensure data compatibility. Next, centralized data collection is implemented to eliminate fragmentation across multiple systems. Once the data is consolidated into a common platform, the system performs transaction matching using intelligent matching mechanisms, potentially employing Fuzzy Logic techniques to identify transactions with different interpretations but similar underlying meanings.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When it arises <\/span><b>Insider trading difference<\/b><span style=\"font-weight: 400;\">The resolution process will then categorize the cause, such as discrepancies in the payment period, incorrect exchange rates, or goods still in transit. Finally, the parties confirm the balance and perform a sign-off before closing the books.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">From a CFO&#039;s perspective, this process is not just about accounting control, but about redesigning the financial data flow to reduce reliance on manual processing.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ung_dung_giai_phap_Bizzi_Bot_va_EPM_de_tu_dong_hoa_quy_trinh_R2R\"><\/span><strong>Applying the Bizzi Bot solution and <a href=\"https:\/\/bizzi.vn\/epm-la-gi\/\">EPM<\/a> to automate the R2R process<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">As transaction volumes increase exponentially, Excel is no longer the right tool for handling intercompany transaction exclusions. Switching from a file-based to a platform-based model is a strategic move.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bizzi Bot can automatically collect internal electronic invoices and extract data. The system performs a three-way reconciliation between invoices, purchase orders, and delivery notes, helping to clean up data before consolidation. <\/span><span style=\"font-weight: 400;\">The data is then pushed to the EPM via API, where intercompany transaction exclusion entries are automated according to established rules. The CFO can perform a drill-down from a metric on the consolidated report down to the source document at the subsidiary, creating a true \u201cSingle Version of Truth\u201d.<\/span><\/p>\n<figure id=\"attachment_999980228\" aria-describedby=\"caption-attachment-999980228\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-999980228 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-doi-chieu-giao-dich-noi-bo-3.png\" alt=\"Internal Transaction Reconciliation Process 3\" width=\"1024\" height=\"617\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-doi-chieu-giao-dich-noi-bo-3.png 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-doi-chieu-giao-dich-noi-bo-3-300x181.png 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-doi-chieu-giao-dich-noi-bo-3-768x463.png 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-doi-chieu-giao-dich-noi-bo-3-18x12.png 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption id=\"caption-attachment-999980228\" class=\"wp-caption-text\">Bizzi Bot automatically performs intelligent 3-way verification of invoices, purchase orders, and warehouse receipts.<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">The result is not only a reduction in bookkeeping time, but also improved analytical capabilities and decision-making based on real-time data.<\/span><\/p>\n<p><b>Table: Manual vs. Automatic Matching via the Bizzi Ecosystem<\/b><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Criteria<\/b><\/td>\n<td><b>Manual comparison (Excel)<\/b><\/td>\n<td><b>Automation (Bizzi + EPM)<\/b><\/td>\n<td><b>Impact of the CFO<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Processing time<\/b><\/td>\n<td><span style=\"font-weight: 400;\">3-7 days\/cycle<\/span><\/td>\n<td><span style=\"font-weight: 400;\">&lt; 1 hour<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Fast Closing ($Fast Close$)<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Accuracy<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Data entry errors are common.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Absolute accuracy ($AI-driven$)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Eliminate audit risk.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Transparency<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Difficult to trace origin<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Drill-down to the original document<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Transparency in governance<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Operating costs<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Requires significant human resources.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Optimizing labor productivity<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Reduce $ Cost of Finance$<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Checklist_kiem_soat_giao_dich_noi_bo_cho_ke_toan_tap_doan\"><\/span><strong>Internal transaction control checklist for corporate accountants.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Before signing off on consolidated reports, the CFO needs a clear control framework to ensure everything is in order. <\/span><b>Insider trading in consolidated financial statements<\/b><span style=\"font-weight: 400;\"> The matter has been fully resolved.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">First, it is necessary to confirm that the internal accounts receivable and payable balances have fully matched after reconciliation. Next, review the entries that exclude unrealized profits in inventory and fixed assets. Internal loans in foreign currency need to be checked for exchange rate differences to avoid discrepancies in consolidated profits.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, the CFO should consider implementing intercompany netting to reduce the number of money transfer transactions and optimize working capital across the entire group. Maintaining complete reconciliation records is also crucial when working with auditors and tax authorities.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bo_cau_hoi_thuong_gap_ve_quy_trinh_doi_soat_va_loai_tru_noi_bo_FAQ\"><\/span><b>Frequently Asked Questions (FAQ) on Internal Reconciliation and Exclusion Procedures<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In the actual operation of the corporation, <\/span><i><span style=\"font-weight: 400;\">Exclude insider transactions.<\/span><\/i><span style=\"font-weight: 400;\"> Consolidated accounting is not just a technical requirement, but also a crucial component of financial risk management. For the CFO, the challenge lies in building this framework. <\/span><b>Internal transaction reconciliation process<\/b><span style=\"font-weight: 400;\"> transparent, controllable <\/span><i><span style=\"font-weight: 400;\">Insider trading difference<\/span><\/i><span style=\"font-weight: 400;\"> and automation <\/span><b>Intercompany transaction exclusion journal entry<\/b><span style=\"font-weight: 400;\"> to ensure the accuracy of <\/span><i><span style=\"font-weight: 400;\">Insider trading in consolidated financial statements<\/span><\/i><span style=\"font-weight: 400;\">Below are frequently asked questions and analyses from a senior financial management perspective.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Lam_the_nao_de_xu_ly_chenh_lech_khi_cong_ty_me_va_con_dung_hai_he_thong_ERP_khac_nhau\"><\/span><b>1. How do you handle discrepancies when a parent company and its subsidiary use two different ERP systems?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">When different units within a corporation use various ERP systems, <\/span><i><span style=\"font-weight: 400;\">Insider trading difference<\/span><\/i><span style=\"font-weight: 400;\"> These discrepancies often arise due to differences in account codes, recording times, or data structures.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To ensure <\/span><b>Internal transaction reconciliation process<\/b><span style=\"font-weight: 400;\"> For efficiency, businesses should build an intermediate data standardization layer. Bizzi can play this role by:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Collect invoice data<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Standardize account formatting and mapping.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Synchronize data to a unified system such as EPM.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">From a CFO&#039;s perspective, this solution reduces reliance on internal IT, minimizes discrepancies, and shortens the time to close consolidated accounts.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_But_toan_loai_tru_giao_dich_noi_bo_co_anh_huong_den_so_thue_GTGT_da_nop_khong\"><\/span><b>2. Does the accounting entry for internal transactions affect the amount of VAT paid?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Intercompany transaction exclusion journal entry<\/b><span style=\"font-weight: 400;\"> This only applies at the consolidated reporting level and does not alter the tax obligations of individual legal entities.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Value Added Tax (VAT) is still declared and paid independently by each company. When doing so... <\/span><i><span style=\"font-weight: 400;\">Exclude insider transactions.<\/span><\/i><span style=\"font-weight: 400;\">The system only adjusts on the consolidated report to eliminate duplicate revenues and expenses.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The CFO needs to clearly distinguish between:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Legal entity tax obligations<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Adjustment in <\/span><i><span style=\"font-weight: 400;\">Insider trading in consolidated financial statements<\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Understanding this boundary helps avoid the risk of errors when working with auditors and tax authorities.<\/span><\/p>\n<figure id=\"attachment_999980225\" aria-describedby=\"caption-attachment-999980225\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-999980225\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-doi-chieu-giao-dich-noi-bo-1.png\" alt=\"Internal Transaction Reconciliation Process\" width=\"1200\" height=\"720\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-doi-chieu-giao-dich-noi-bo-1.png 1440w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-doi-chieu-giao-dich-noi-bo-1-300x180.png 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-doi-chieu-giao-dich-noi-bo-1-1024x614.png 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-doi-chieu-giao-dich-noi-bo-1-768x461.png 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2026\/03\/quy-trinh-doi-chieu-giao-dich-noi-bo-1-18x12.png 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-999980225\" class=\"wp-caption-text\">Intercompany transaction exclusions only apply at the consolidated reporting level and do not alter the tax obligations of each legal entity.<\/figcaption><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"3_Tai_sao_phai_loai_tru_lai_noi_bo_trong_hang_ton_kho\"><\/span><b>3. Why should internal profit be excluded from inventory?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In the event that a subsidiary performs <\/span><b>Internal revenue accounting<\/b><span style=\"font-weight: 400;\"> When selling goods to other companies within the group, the profit is recognized at the corporate level.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if the goods have not yet been sold externally, that profit has not actually been generated at the corporate level. If this is not done... <\/span><i><span style=\"font-weight: 400;\">Exclude insider transactions.<\/span><\/i><span style=\"font-weight: 400;\">The consolidated report will:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Recording fictitious profits<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Faulting the gross profit margin.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The impact on KPIs is a financial indicator.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">For CFOs, eliminating internal interest is a key step to ensure profitability. <\/span><i><span style=\"font-weight: 400;\">Insider trading in consolidated financial statements<\/span><\/i><span style=\"font-weight: 400;\"> It accurately reflects the actual business performance.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Sai_lech_bao_nhieu_thi_duoc_coi_la_trong_yeu_trong_doi_chieu_noi_bo\"><\/span><b>4. What percentage of discrepancy is considered material in internal reconciliation?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In <\/span><b>Internal transaction reconciliation process<\/b><span style=\"font-weight: 400;\">Therefore, determining the materiality threshold plays a fundamental role.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Typically, a ratio of 1\u20135% of total assets or pre-tax profit is used as a benchmark. However, for listed corporations or those with foreign investment, this threshold may be lower.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">More important than the absolute number is the fact that:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Establish clear policies.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatic alerts when issues arise. <\/span><i><span style=\"font-weight: 400;\">Insider trading difference<\/span><\/i><span style=\"font-weight: 400;\"> exceed the threshold<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Track the trend of deviations over time.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">CFOs should view materiality as a risk management tool, not just an accounting standard.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_EPM_co_ho_tro_hop_nhat_theo_ca_VAS_va_IFRS_khong\"><\/span><b>5. Does EPM support consolidation under both VAS and IFRS?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In the context of IFRS transition in Vietnam, handling <\/span><i><span style=\"font-weight: 400;\">Insider trading in consolidated financial statements<\/span><\/i><span style=\"font-weight: 400;\"> Adherence to multiple standards is an increasingly common requirement.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">EPM supports reporting according to both VAS and IFRS on the same data platform, enabling:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Comparing the impact of different standards<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatically apply exclusion rules based on criteria<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduce manual adjustment volume.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">For the CFO, this is a strategic factor when a business is preparing to raise capital or expand into international markets.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Lam_sao_de_xu_ly_giao_dich_noi_bo_phat_sinh_bang_nhieu_loai_tien_te\"><\/span><b>6. How do we handle internal transactions that arise using multiple currencies?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In multinational corporations, <\/span><i><span style=\"font-weight: 400;\">Insider trading difference<\/span><\/i><span style=\"font-weight: 400;\"> This often arises due to exchange rate fluctuations and different recording times.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">An effective solution must ensure:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Convert using the configured standard exchange rate.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatically calculate exchange rate differences at the time of merger.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Recorded fully <\/span><b>Intercompany transaction exclusion journal entry<\/b><span style=\"font-weight: 400;\"> relate to<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Integrated systems like EPM can automate this process, significantly reducing the risk of errors that can occur when handling it manually using Excel.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ket_luan_Tu_xu_ly_giao_dich_den_quan_tri_chien_luoc_tai_chinh\"><\/span><b>Conclusion: From transaction processing to strategic financial management<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><i><span style=\"font-weight: 400;\">Exclude insider transactions.<\/span><\/i><span style=\"font-weight: 400;\"> It&#039;s not just a technical step in the merger, but a measure of the maturity of the corporate financial system. <\/span><b>Internal transaction reconciliation process<\/b><span style=\"font-weight: 400;\"> A systematic approach will help:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduce <\/span><i><span style=\"font-weight: 400;\">Insider trading difference<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Standardization <\/span><b>Internal revenue accounting<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automation <\/span><b>Intercompany transaction exclusion journal entry<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Improve quality <\/span><i><span style=\"font-weight: 400;\">Insider trading in consolidated financial statements<\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The combination of Bizzi (standardization and automation of input data) and EPM (multi-standardization consolidation and exclusion) creates a closed ecosystem for corporate financial management.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For the CFO, the ultimate goal is not to &quot;eliminate for the right reasons,&quot; but to build a transparent financial foundation that controls risk and supports strategic decision-making based on accurate and timely consolidated data.<\/span><\/p>\n<p><em><strong>Schedule a one-on-one consultation to find the right solution for your business here:\u00a0 <a href=\"https:\/\/bizzi.vn\/dang-ky-dung-thu\/\">https:\/\/bizzi.vn\/dang-ky-dung-thu\/<\/a><\/strong><\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>\u0110\u1ed1i chi\u1ebfu giao d\u1ecbch n\u1ed9i b\u1ed9 (Intercompany Reconciliation) th\u01b0\u1eddng l\u00e0 \u201cc\u01a1n \u00e1c m\u1ed9ng\u201d th\u1ee7 c\u00f4ng khi\u1ebfn chu k\u1ef3 \u0111\u00f3ng s\u1ed5 k\u00e9o d\u00e0i h\u00e0ng tu\u1ea7n v\u00e0&#8230;<\/p>","protected":false},"author":56,"featured_media":999980226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[54],"tags":[],"class_list":["post-999980224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-so-tay-ke-toan"],"acf":[],"_links":{"self":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999980224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/comments?post=999980224"}],"version-history":[{"count":1,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999980224\/revisions"}],"predecessor-version":[{"id":999980229,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999980224\/revisions\/999980229"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media\/999980226"}],"wp:attachment":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media?parent=999980224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/categories?post=999980224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/tags?post=999980224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}