New to NetSuite | Intercompany Framework Feature

In our previous article, we introduced the Netting Clearing Account (New to NetSuite | Setting Up Intercompany Elimination Accounts), which the system automatically creates when you enable the Intercompany Framework feature. In this guide, we will show you how to turn on this feature and use its automated tools.

Requirements:

• At least two subsidiaries including elimination subsidiary (New to NetSuite | Create Subsidiary Records)
• Enabled Accounting, A/R, A/P, and Accounting Periods features.

• Enabled Automated Intercompany Management feature (New to NetSuite | Enabling Automated Intercompany Management)
• Enabled Intercompany Cross-Subsidiary Fulfillment feature.

Note: For more information on this feature, stay tuned for our upcoming articles.