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Intercompany GL accounts setup

edited Jun 4, 2025 7:59PM in Ask A Guru 2 comments

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.

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