Accounts Payable & Receivable › Reconciliations
How do you reconcile accounts payable to the trial balance and supporting sub-ledgers at consolidation?
AdvancedAnswer
At group level, each entity's AP sub-ledger must tie to its AP control account and trial balance, intercompany payables must match counterparties, and currencies must translate consistently. Reconciling before consolidation ensures the group AP is complete, intercompany eliminates cleanly, and no entity's control account diverges from its detail.
Real-world example Pre-consolidation checks confirm every entity's AP ties to its trial balance and intercompany balances mirror, so the group AP is reliable.