How 2 excel files became 1 Inter-company reconciliation report.
Intercompany reconciliation used to be a full afternoon of squinting at two ledgers.
Today I uploaded a Finnish parent's EUR ledger and its Norwegian subsidiary's NOK ledger into Taxxa and asked it to reconcile them.
It matched both sides line-by-line, flagged every balance that didn't tie, and classified each break by cause, FX/translation difference, one-sided entry, timing. Then it quantified the gap and wrote a consolidation-ready reconciliation report telling me exactly what to clear before elimination.
9 invoices matched. 1 FX break of 2,700 NOK. 3 one-sided parent entries. All surfaced automatically.
Taxxa tips has begun
Taxxa tip you should know, multi tabs.
I had Koivu Consulting Oy's, income statement, balance sheets in a excel.
Tab 1 - we ran the audit lens, €242k turnover and a €188k balance sheet trip two of the three statutory thresholds, so a statutory audit is mandatory even with two employees.
Tab 2 - we ran the tax lens on the same numbers, maximum EVL depreciation, the 50% cap on representation expenses, the confirmed loss carry-forward to reach the lowest legal tax. 🤫
Tab 3 - we compared the two, reconciling the book-to-tax differences the auditor will scrutinise.
Tab 4 - we dropped in the bank statement 📄, Taxxa tied the €118k closing balance back to the accounts and flagged the €12k shareholder loan buried in December.
One question, four tabs, every answer cited, side by side.
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Attach PDFs, spreadsheets, Word files and more to any question, and @TaxxaAI answers straight from them! Every claim linked back to the exact page so you can click and check. Save files to Sources once and reuse them across every chat, right alongside the verified Knowledge Base.
Taxxa AI retweeted
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The Taxxa.ai team wishes you a wonderful Christmas! 🎅
Turns out AI isn't just transforming accounting, it's branching out into festive décor too! 😘
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