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New to NetSuite | Manual Creation of Elimination Journal Entries

edited May 26, 2026 9:00PM in Advanced Accounting & OneWorld

In the previous article, New to NetSuite | Running the Intercompany Elimination Task in the Period Close Checklist, it was mentioned that running the Eliminate Intercompany Transactions task during period close automatically creates elimination entries. In this article, we will discuss how to manually create elimination journal entries in NetSuite. 

Elimination journal entries are used to offset intercompany transactions and maintain accurate consolidated financial statements. These entries are associated with elimination subsidiaries and function like standard journal entries.

Steps to create an Elimination Journal Entries: 

1. Go to the Make Journal Entries page. 

  • NetSuite: Navigate to Transactions > Financial > Make Journal Entries. 
  • NetSuite Next

Niña Camille Paule | Advanced Accounting and Reporting

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