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.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Check out the Announcements page to stay updated with the latest news, updates, upcoming events, and important community information!
What if your ERP could help surface the next step before you go looking for it? Watch here to learn more!
Don't miss out on our Question of the Week! You only have until tomorrow, May 27, 2026, 6:00PM 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.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Keep an eye out for upcoming NetSuite events, including meetups, workshops, and webinars. These sessions are a great way to connect with peers, learn from experts, and stay current on the latest NetSuite updates and best practices. Registration links are provided in each event.

New to NetSuite | Running the Intercompany Elimination Task in the Period Close Checklist

in Advanced Accounting & OneWorld

Intercompany elimination is performed during the period-end close process to remove transactions between subsidiaries from consolidated financial reports. 

You can only run the Intercompany Elimination process from the Period Close Checklist, and all other closing tasks must be completed first. 

NetSuite automatically creates and posts Elimination Journal Entries when the process is run. The process can be run multiple times in the same period if needed, but only one elimination process can run at a time. 

Steps to Run Intercompany Elimination 

1. Go to the Manage Accounting Periods page. 

  • NetSuite: Navigate to Setup > Company > Manage Accounting Periods. 
  • NetSuite Next: Click Explore

Niña Camille Paule | Advanced Accounting and Reporting

Ask A Guru Live.gif

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.

Tagged:

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 2 (Apr-Jun 2026)

This Week's Leaders

This Month's Leaders

All Time Leaders