NetSuite Admin Tip: How to Determine Location Source from the Generated Elimination Entries

Users create intercompany transactions to record business activity between subsidiaries. When Intercompany Elimination is run from the Period Close Checklist for month end closing, there are instances that the elimination entry generated has been associated with an incorrect location. Thus, resulting to discrepancies and inaccurate balances for the location segments on the consolidated Financial Reports.

The reason why the location on the source transaction is not being populated on the elimination entry is due to the location selected on the Intercompany Eliminations page when the process was run. Moreover, the default option populated on the Location field also depends on whether the