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.
Don't miss out on our Question of the Week! You only have until tomorrow, March 27, 2025, 2PM ET to comment your answers and earn rewards! Click here for more details.
Make Your Voice Heard: What Tech & ERP Topics Should We Explore in our Next Webinar?? We’re all ears! Vote now, and the poll runs until January. Poll for ERP | Poll for Tech.
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 2025.1 Release Preview account, review the topics outlined in the Release Preview Guide.
NetSuite Release 2025.1 Release Notes are available for download here!
Multiple Subsidiaries-Are elimination accounts always needed?
Hi There
I can't seem to find a conclusive answer online or in the help guides of whether an elimination account is always required when there are multiple subsidiaries?
The scenario in question is of a parent firm in NZ with subsidiaries in other countries such as Australia, Japan and USA
The Australian, Japanese and USA subsidiaries only have the following types of transactions with the NZ parent subsidiary:
The NZ parent subsidiary may transfer funds to their bank accounts in order to allow them to pay their local staff
The entry would be:
NZ Subsidiary
Dr Suspense account $xxNZD
Tagged:
0