Two BVs, same owner, intercompany entries do not reconcile

Holding-operating-company structure means two separate ledgers. What is a receivable in one must be a payable in the other, and people forget to mirror.

Try this first

1. 1Create a dedicated intercompany account in both ledgers (often 1500-series for receivable, 1600-series for payable). Use one consistent naming.
2. 2For every transaction between the BVs: issue an invoice, not just a journal entry. For VAT and audit purposes a formal invoice is required when there is a performance behind it.
3. 3Without performance (e.g. a loan between holding and operating BV): document a loan agreement with arm's length interest. Otherwise the tax authority may reclassify it as a disguised dividend. That is a fiscal issue, not just administrative.
4. 4Reconcile at least quarterly: the intercompany balance in BV1 must exactly mirror the balance in BV2. A difference means a one-sided entry somewhere, search the last month.
5. 5For an audit or year-end: the accountant expects intercompany confirmations. Close balances on both sides on the same date, not BV1 at 31-12 and BV2 at 1-1.

None of the above fits?

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