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.
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
Update your Profile with your Support type to get your Support Type badge.
Uncover the power of data with the Analytics Hub —your ultimate guide to mastering NetSuite Saved Searches and Reports. Simplify the complex and unlock your organization's true potential. Dive into the Analytics Hub now and soar to new heights!
To help you get the most out of your 2025.2 Release Preview account, review the topics outlined in the 2025.2 Release Preview Guide.
Nominate Your Peers for NetSuite Support Community's Choice of the Quarter! Submit your nomination today.
Intelligent Payment Automation version 1.0.3 is now available in the SuiteApp Marketplace. The SuiteApp, powered by BILL, lets you automate payments, manage vendor details, and bank account information within NetSuite. Learn more
Advanced Revenue Management and Intercompany Income Account Field
Hello
on the item record, under the accounting tab, there is a field called INTERCOMPANY INCOME ACCOUNT.
The field is set up and we are using ARM. However, when this item is on the revenue element and the customer is an IC customer, upon recognition of the revenue, the revenue credits the regular income account while it should post to the Intercompany Income Account.
I am thinking that:
Sale to a regular customer that generates a revenue arrangement > upon recognition of the deferred revenue the regular income account will be credited.
Sale to a IC customer that generates a revenue arrangement > upon recognition of the deferred revenue the IC income account will be credited.
Tagged:
0