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Offset Intercompany Clearing Account Balance to 0 (We use Transfer Order)
We are using Intercompany Transfer Order. When we shipped and received, the GL Impact includes Intercompany Clearing Account (autogenerated by Netsuite).
I need to offset the balance to 0 and put the balances to IC AR and AP. Originally I though there's a functionality or feature that automatically does this (please confirm) but I while searching for the solution, I come accross this SuiteAnswer: 44194:
Scenario
Intercompany Transfer Orders from Subsidiaries with different base currencies at times may yield Intercompany Clearing Account balances on the Consolidated Reporting level.
Solution
To address these balances, users may opt to create an Intercompany Journal Entry to write off the corresponding
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