Inter-Branch Accounting is a systematic process that manages financial transactions between different branches or locations of a company. It involves accurately recording and reconciling transactions, expenses, and revenue across various branches. This practice ensures that financial data is consolidated and transparent, enabling organizations to assess the financial health of individual branches and the company as a whole. Inter-Branch Accounting streamlines intercompany transactions, simplifies reporting, and supports effective resource allocation, ultimately contributing to cohesive financial management and strategic decision-making.