Home Intercompany Reconciliation How do I create a new intercompany reconciliation?

How do I create a new intercompany reconciliation?

Last updated on Apr 24, 2026

Short Answer: On the New reconciliation page choose Select reconciliation type = Intercompany reconciliation, set Reconciliation name, upload Entity A and Entity B files, then click Run reconciliation.

PreRequisites

  1. Signed in to CleverBalance

  2. Open the New reconciliation page

  3. Have Entity A and Entity B statement files ready in CSV, XLS, or XLSX format and under Maximum file size: 10MB

Steps

  1. Open the New reconciliation page and confirm you see the header New reconciliation.
    The page shows Select reconciliation type and Reconciliation name fields.

  2. Under Select reconciliation type click the dropdown and choose Intercompany reconciliation.
    Intercompany reconciliation is selected and subtitle Entity A statement vs Entity B statement is visible.

  3. In Reconciliation name click the input and type your desired name (or keep the default Intercompany Reconciliation).
    The chosen reconciliation name appears in the Reconciliation name field.

  4. Under Entity A statement confirm the displayed file or click Edit (pencil) to replace the file.
    Entity A statement panel shows the uploaded file name.

  5. Under Entity B statement either drag & drop your file into the panel or click Upload file and select the file.
    Entity B statement panel displays the uploaded file name.

  6. Confirm both files meet Supported formats: CSV, XLS, XLSX and Maximum file size: 10MB.
    Files are accepted without errors.

  7. Click Run reconciliation (yellow button at top-right) to start the process.
    The reconciliation begins and moves to the mapping step.

Troubleshooting

  1. Upload is rejected or file does not appear.
    LikelyCause: Unsupported format or file exceeds 10MB.
    Action: Convert to CSV/XLS/XLSX, ensure size is under 10MB, and retry.

  2. Run reconciliation does not start.
    LikelyCause: One or both files missing or network issue.
    Action: Confirm both Entity A and Entity B files are uploaded, refresh, and retry.

  3. Clicking Edit does not change the file.
    LikelyCause: Browser/UI issue.
    Action: Refresh the page or try a different browser.

Note: You can drag & drop files or use Upload file. Use View sample data format to verify the expected file structure before uploading.