# Intercompany

> Intercompany — A balance or transaction between two entities in the same group — real in each entity's books, eliminated on consolidation.

Source: https://lopifi.com/glossary/intercompany
Part of: Lopifi — US GAAP books on autopilot, reviewed by a CPA (https://lopifi.com)

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**What is 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.

## Words this system refuses for it

- related party (wider — includes owners and directors)

- **Category:** Multi-entity
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Rendered by:** [intercompany-matrix](https://lopifi.com/md/components/intercompany-matrix)
- **Related:** transaction