How to reasonably standardize the internal business between parent and subsidiary companies?

Internal account losses include losses between parent companies and subsidiaries, and losses between subsidiaries and internal accounting units of subsidiaries. In order to standardize the internal business between parent and subsidiary companies, the following measures can be taken:

1. Establish and improve the internal management system, and clarify the business scope, approval procedures and division of responsibilities of the internal exchange.

2. Strictly implement the examination and approval procedures for internal exchanges to ensure the authenticity, legality and accuracy of internal exchanges.

3. Strengthen the supervision and management of internal exchanges, and find and correct violations in time.

4. Regularly clean up and check internal transactions to ensure the accuracy and integrity of accounting treatment.