New to NetSuite | Subsidiary Hierarchy Planning

In the previous article, we covered Understanding Subsidiary Structure. Now, we will focus on how to plan your Subsidiary hierarchy.

Before creating subsidiary records, it is important to plan the structure of an organization's subsidiaries. For each subsidiary record, its parent must be defined, and as subsidiaries are created, NetSuite automatically defines a hierarchical structure. It is recommended to diagram the parent-child relationships in the subsidiary hierarchy, starting at the top with the root subsidiary. This visual representation can help to organize and consolidate data for accounting and reporting purposes.

When mapping out your subsidiary hierarchy, it’s important to note key details for each subsidiary, such as the