megaphone
Update your Profile with your Support type to get your Support Type badge.
Nominate Your Peers for NetSuite Support Community's Choice of the Quarter! Submit your nomination today.
Stay in the know of how NetSuite can help grow your business with our guides, webinars, and events. Subscribe Here
What Topic Should We Cover Next? Your idea could be our next feature—drop your suggestion now!
No Limits. Just possibilities. Join us for complimentary one-day events around the world and step into a future fueled by AI and limitless potential. Discover what's next at SuiteConnect Tour 2026.
Try Intelligent Payment Automation – Fee Free For Your First Month For more information, visit this thread.
Don't miss out on our Question of the Week! You only have until tomorrow, March 19, 2026, 2:00PM ET to comment your answers.

Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
Stay in the Know

Be sure you're subscribed to NetSuite communication to stay in the know about monthly happenings, updates and announcements. Subscribe

Transferring items between subsidiaries

edited Nov 28, 2019 11:50AM in Accounting / ERP 1 comment

We went with One World to make sure we could have independent financials, but items and customers are linked into one system. I am trying to figure out how to transfer inventory costs, and money when inventory moves between subs without recognizing revenue. These locations are not elimination, as they both have to report their own financials and taxes. (100% different ownership)  

Example:
Sub A has Widget 1 with cost of $50.
Sub B needs this item.

Sub A GL Impact:
Debit to Receivables                      $50
Credit to Inventory - Widget 1                     $50

Sub B GL impact:
Debit to Inventory - Widget 1          $50
Credit to Payable                                        $50

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!

Leaderboard

Community Whiz

Quarter 1 (Jan-Mar 2026)

This Week's Leaders

This Month's Leaders

All Time Leaders