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Transaction Line Distribution | Source of Accounts used in the Advanced Intercompany Journal Entry

edited May 30, 2024 3:31AM in NetSuite Admin Corner

The Transaction Line Distribution SuiteApp automatically generates either Regular Journal Entry or Advanced Intercompany Journal Entry depending on the Distribution Type set on the transaction. This article is focused on transactions with Distribution Type = Intercompany.

From where does the system pull the Intercompany Accounts reflected on the Advanced Intercompany Journal Entry generated?

To answer this question, the system follows this hierarchy:

  1. Default Receivable or Payable Account set on the Intercompany Entity record;
  2. Default Receivable or Payable Account set in Setup > Accounting > Intercompany Preferences > Accounting tab

To better explain, below is a simple demonstration.

Scenario: A user with an Administrator role created two Vendor Bills with the same information. When he created the

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