@Allison Cawdrey - no transactions in FX at all? by “amount” do you mean that IC AP and AR do not net to $0?

@Karina Correct. This is just interco between AP and AR and different subsidiaries. No currency or FX

do you have two intercompany accounts - AP and AR and do you have IC customers and vendors?

I have 1 AP interco account and 1 AR Interco. I have customer & vendors set up between each two parties that have transactions. I think it could be AICJE's that I saved with error message that said they weren't in balance, but they appeared to be. I could test that if I could figure out a way to drill down to those particular AICJE's

what am I missing? your IC AP and AR accounts net to $0. That error is normal, but usually it is because because different currencies are used on each line (but you are saying currencies are the same).

@Karina The net across AR and AP, but shouldn't they net to zero across at consolidated level?

no, they should not, you should have IC AR and IC AR as balances, but when you look at them next to each other they net to $0. Some customers even have a section on BS with all IC AP and IC AR (if there are more than one acct), showing that they net to $0

@Karina What would be the explanation for an amount sitting in AR and AP account at consolidated level?

same as your regular AP and AR - as long as you net to $0 you are good

@Katrina ok, thanks!