How does “Offsets” work on the Intercompany Reconciliation page?

When one company owes a second and the second owes the first — or three owe each other in a loop — the balances can be set off without cash. Offsets lists what can be set off at the balance date you pick, and for the ones you tick prepares one board resolution and one manual journal per company, with the chairman and signatories from Company Structure. Post files the resolutions and posts the journals together, as posted or as drafts; the arithmetic is recomputed from the balances at that moment, and if they have moved since the screen was drawn the post is refused rather than posting a stale figure. Where: Intercompany Reconciliation (/accounts/intercompany-reconciliation).