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AE: How to deal with Intercompany Clearing Account (Interco Transfer Orders)

edited Jan 24, 2022 10:48AM in Ask A Guru 3 comments

Hi all,

This a question for best practice. I have had a ticket with NetSuite for a long time for this but they don't seem to know how to advise unfortunately.

We have values posting to the system-generated account Intercompany Clearing Account when posting Intercompany transfer orders. I understand from SuiteAnswers that we can view the values posted here as a Payable and Receivable in each subsidiary. I'm fine with that and it makes sense. The problem is, the account can't be selected for Intercompany Elimination (the checkbox is disabled) and all the communication on SuiteAnswers talks about Time and Materials and my clients finance team don't know what to do with this ever growing balance in each subsidiary.

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