Intercompany transfer accounting is a type of financial transaction that involves two separate companies in different legal entities carrying out the movement of goods, services, cash, or assets between each other. It’s a critical part of many global organizations and can be used to establish internal pricing policies, satisfy legal requirements, and even structure taxes. With an effective intercompany transfer accounting process, you can ensure accurate reporting of your transactions and a better understanding of their financial impact across multiple locations. So, when it comes to managing complex and ever-evolving compliance requirements, stateside and abroad: intercompany transfer accounting is the key!