Discussions

Check out Oracle NetSuite upcoming events and conferences here
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.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.
Community Poll: What sort of content would you like to see more of?

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:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!

Leaderboard

Community Whiz

Quarter 1 (Jan-Mar 2024)

This Week's Leaders

This Month's Leaders

All Time Leaders