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NetSuite OneWorld – Correct Setup for Intercompany Eliminations (Elimination Subsidiary, AR/AP, Clea
Question / Case Description
We are using NetSuite OneWorld with multiple operating subsidiaries and one Elimination subsidiary (Intercompany, Elimination = Yes).
Our objective is to eliminate:
- Intercompany AR / AP
- Intercompany Sales / COGS
- Unrealized intercompany profit on inventory
All eliminations must occur only at consolidation level, without impacting operating subsidiaries.
Current Understanding / Observations
- We are using Advanced Intercompany Journal Entries with:
Header Subsidiary = Intercompany (Elimination subsidiary)
- NetSuite requires a Customer / Vendor on AR/AP lines, even for elimination journals.
- We observed that:
- An Elimination subsidiary cannot be selected as:
- Primary Subsidiary
- Represents Subsidiary
on Customer or Vendor records (by design).
- However, Customers/Vendors can be
Amjad Kasem
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