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New Subsidiary | Opening Balance and Other Best Practices
Scenario :
We have acquired an entity and will be bringing them in to our NetSuite instance as a new Subsidiary.
Seeking recommendations for best practices for bringing in that new Sub's opening balances.
We are working with Point in Time, and ideally our VP of Finance would like to bring the balances in with direct reference of where those balances are coming from.
Example :
Open/Aging A/P - Bring in the dollars to the GL, but also link to each of the Vendors who are owed those outstanding balances
Open/Aging A/R - Bring in the dollars to the GL, but also link to each of the Customers who owe those outstanding balances
Melissa
NetSuite Certified Administrator
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