Discussions
It’s that time of the year again! As we embrace the holiday cheer, we want to share an important announcement regarding our holiday schedule. Our dedicated team of NetSuite Support Gurus will be taking a short break to recharge during the holidays, from December 24, 2024, to January 1, 2025. We’ll be back in full swing, ready to assist you on January 2nd. During the break, feel free to explore the wealth of NetSuite resources on our platform.
As we celebrate the season's joys, we are incredibly grateful for your ongoing support and engagement. Have a fantastic holiday break, and let's gear up for an incredible 2025!
Here are some examples to get your creative juices flowing.
"Did I pay vendor John Doe last month?"
"Take me to my largest sales order for this month."
"What invoices haven't been paid yet?"
Intercompany Transfer Pricing Issue
Has anyone else noticed an issue with intercomany transfer pricing in OneWorld? If transfer price is not at cost, consolidated reports are inaccurate. How do people deal with this and determine the elimination entry required to correct?
Here is a scenario:
Parent Company
• Inventory item cost = $10/unit
• 10 units for a total cost of $100
Parent Company transfers 2 unit to Child Company with a transfer price @ $22.
This creates the following entries:
Fulfill (Parent)
Dr Inv in Transit $44
Cr. Inv Asset ($20)
Dr. Rev ($24)
Receipt
Cr. Inv in Transit ($44) (Parent)
Dr. Inv Asset $44 (Child)
Dr. InterCo $44 (Parent)
Cr. InterCo ($44) (Child)
This would give a total inventory value of: