Discussions
Join us for complimentary one-day events around the world and step into a future fueled by AI and limitless potential. Explore new breakthroughs, sharpen your skills, and connect with experts who are shaping what’s next. Experience bold keynotes, interactive learning, and connections that span the global NetSuite community. Discover what's next at SuiteConnect Tour 2026.
New to NetSuite | Key Points for Running Intercompany Elimination
When an application is enabled for Intercompany accounts and contains Intercompany account data, eliminations take place as part of the consolidation process.
The intercompany elimination is done at the first common parent entity. During the intercompany elimination process, for any Intercompany account, the system moves the amount from the Intercompany account to the Plug Target account.
Here are the Key Points when Running Intercompany Eliminations
1. You can run intercompany elimination only from the Period Close Checklist.
2. You can run intercompany elimination for all accounting books, the primary accounting book, and any secondary accounting book.
3. You can run intercompany elimination multiple times for a period.
Tiru Chembeti
SME & Sr. Functional Architect
Kindly click "Yes" on "Did this answer the question?" if you find the reply on your thread helpful. This will aid the others with the same question to easily find the correct answer. Thank you!