Intercompany

In accounting, intercompany means a balance or transaction between two entities in the same group — real in each entity's books, eliminated on consolidation.

Layer: Lexicon
Defined in: Lexicon
Components: 1

Authority

This definition follows ASC 810-10-45-1.

Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.

Intercompany, in use

Quoted from the 4 documents that use the word — what it does to an interface, in the spec's own sentence.

The eleven continuous assertions — entry balance, accounting equation, subledger ties, schedule ties, roll-forward continuity, cash tie, retained earnings, intercompany, numbering, period integrity, orphans.
Close, controls & consolidation — 143. IntegrityCheckPanel
A number without an entity is meaningless in a multi-entity group, and mixing entities in one total without eliminating intercompany is a misstatement.
The accounting model — 5. Dimensions
Unrealized profit in inventory — goods sold intercompany and still on hand — must be eliminated too.
Multi-entity & FX — 2. Intercompany

What it is not called

Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.

related party (wider — includes owners and directors)

Components that render this

The concept is not documentation-only. These are the components that name it in their specification, grouped and stated exactly as the catalog states them.