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SuiteWorld October 6 - 9, 2025: Agenda Builder is live!
Read on for the latest updates including:
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Check out this thread to learn more!
Read on for the latest updates including:
• Agenda Builder launch
• SuiteWorld On Air registration
• New NetSuite Prompt Studio Contest
• And more!
Check out this thread to learn more!
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Spots are limited! Register through your Agenda Builder and find SuiteGuru under Agenda Enhancements.
Don’t miss your chance to meet our SuiteGurus—NetSuite Support professionals and subject matter experts with extensive experience in select product areas, including OneWorld, Advanced & Basic Accounting, Supply Chain Management, Receivables & Payables, CRM, Account Administration, and the SuiteCloud Platform. Full Conference attendees can prebook exclusive 30-minute one-on-one sessions for your product questions.
Spots are limited! Register through your Agenda Builder and find SuiteGuru under Agenda Enhancements.
Closing a subsidiary, with a different currency.
We have legally merged two legal entities. In NetSuite we have transferred all balances from the merged entity/subsidiary to the sub-holding which remains after the merger. These are USD entities. However, when we run the consolidated balance sheet in euro’s, balances in euro’s appear on Share premium reserve, Share premium reserve (by Subsidiaries), FX translation reserve, Retained Earnings and Cumulative Translation Adjustment. In USD the balances are zero.
Can anyone explain what the process is to close/liquidate a subsidiary in NetSuite, for entities in a different currency?
Many thanks in advance, Hans
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