Discussions
New to NetSuite | Enabling Automated Intercompany Management
Closing the books across multiple subsidiaries can be complex, especially when managing intercompany transactions. NetSuite OneWorld simplifies this process with its Automated Intercompany Management feature.
This is a powerful tool designed to streamline eliminations, reduce manual effort, and ensure greater accuracy in consolidated financials. By automating the creation of elimination journal entries, this feature helps finance teams save time, minimize errors, and close periods with confidence.
To start using Automated Intercompany Management in NetSuite, follow the steps below:
Prerequisite: You must be using NetSuite OneWorld.
1. Go to Setup > Company > Enable Features.
2. Click the Accounting tab.
3. In the Advanced Features section, check the box for
Niña Camille Paule | Advanced Accounting and Reporting
Boost your NetSuite skills by joining the monthly Ask A Guru Live sessions!
This category provides a flexible space for dynamic discussions, expert insights, and valuable resources to support your NetSuite journey. Whether you’re new or returning, engage with the community and get your questions answered in real time. Click here to learn more.