Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
Update your Profile with your Support type to get your Support Type badge.
Don't miss out on our Pop Quiz You only have until December 10, 2025, 12:00 PM ET to comment your answers and earn rewards! Click here for more details.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.
Uncover the power of data with the Analytics Hub —your ultimate guide to mastering NetSuite Saved Searches and Reports. Simplify the complex and unlock your organization's true potential. Dive into the Analytics Hub now and soar to new heights!
To help you get the most out of your 2025.2 Release Preview account, review the topics outlined in the 2025.2 Release Preview Guide.
Nominate Your Peers for NetSuite Support Community's Choice of the Quarter! Submit your nomination today.
Intelligent Payment Automation version 1.0.3 is now available in the SuiteApp Marketplace. The SuiteApp, powered by BILL, lets you automate payments, manage vendor details, and bank account information within NetSuite. Learn more
No Limits. Just possibilities.
Join us for complimentary one-day events around the world and step into a future fueled by AI and limitless potential. Explore new breakthroughs, sharpen your skills, and connect with experts who are shaping what’s next. Experience bold keynotes, interactive learning, and connections that span the global NetSuite community. Discover what's next at SuiteConnect Tour 2026.

Run Elimination Process

edited Jun 2, 2025 2:22PM in Accounting / ERP 1 comment

I am currently facing an issue for the intercompany Journal entry.

I prepared the intercompany PO and SO for Huffman Canada (base currency CAD) and Huffman MFG (base currently USD).

Inventory on hand COGS at Huffman MFG is with 100 USD dollar. Huffman Canada raised a PO with 200 CAD item rate.

I have completed the following transaction:

Item fulfillment and Invoice at Huffman MFG. Item Receipt and Vendor Bill at Huffman Canada.

After I ran the Elimination process in month closing activity. The system passed the two journal entries. One is for the AR/AP and second for the income.

For the first JV, system correctly passed the Intercompany AR/AP against Intercompany CTA, however second income journal entry is incorrect, system adjusted intercompany income against standard COGS and hence intercompnay COGS and standard COGs difference still showing in the consolidated income statement. Attaching screenshot for reference.

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!

Leaderboard

Community Whiz

Quarter 4 (Oct-Dec 2025)

This Week's Leaders

This Month's Leaders

All Time Leaders