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Intercompany GL accounts setup
Hi All,
Revisiting the InterCompany general setup in NetSuite,
I have seen under this link
That it mentions the below
The following account types should be used only for elimination purposes:
- Other Current Asset (Non- Inventory)
- Other Asset
- Defer Expense
- Defer Revenue
- Other Current Liability
- Long Term Liability
This is a bit contradictory to the above statement also in the same article
Create intercompany vendor bills and sales invoices from paired intercompany purchase orders and sales orders. Intercompany vendor bills and sales invoices are transactions for intercompany entities. Intercompany entities use intercompany A/R and intercompany A/P accounts as their default A/R and A/P accounts. The income, expense, A/R, and A/P lines on the intercompany vendor bills and sales invoices are automatically marked for elimination. There is no Elimination flag on the these transactions lines.