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!
How to manage Intercompany A/P, where Bills are booked in one Subsidiary and paid by other.
We are working in multi-subsidiary environment in India region only.
HO 1 is a Admin Office
And two child subsidiaries Branch1 & Branch2
each branch work independently except for some common vendors and customers.
Now there is a Vendor1 who supply material to Branch 1 & Branch 2.
and on monthly basis he issues bills separately to Branch 1 & Branch 2.
Each branch validate bill and then send bill to HO 1 who makes payment of the same.
So in summary Purchase bills are booked by each subsidiary & Payment is done by another subsidiary.
is there a way to manage this process flow in NetSuite.
Tagged:
0