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Cumulative Translation Adjustment-Elimination are not zero

edited Jun 19, 2025 8:58PM in Ask A Guru 33 comments

Initial setting of intercompany transaction account in Netsuite system:

  1. Inter-company revenue, inter-company cost of goods sold, inter-company accounts receivable, inter-company accounts payable and other accounts have all been selected to offset inter-company transactions;
  2. The standard Cost of goods sold item does not check offset intercompany transactions.
  3. In the check list of the management accounting period, the offsetting intercompany transactions are performed during the period from January to December.
  4. In the check list for the management accounting Period, no offsetting intercompany transactions will be performed during the Adjustment Period.
  5. At present, only 2024December has not completed all of the inter-company transactions, and other external sales have been completed.

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