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CTA Elimination not zero
Hi Team, can anyone explain why the CTA Elimination account balance is not zero (screenshot below)? Does anyone have experience with this issue, and what is the best practice to find the root cause? I would greatly appreciate any help or discussion. Thank you.
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Intercompany Accounts are not zeroed out after completing the Eliminate Intercompany Transactions
Hi Guru, After comparing Prod and Sandbox, we noticed that re-running the elimination process in Sandbox didn’t eliminate some transactions. Before the subsidiary hierarchy was restructured, the elimination worked fine. Looks like this issue might be related to the recent change in the subsidiary hierarchy. Expected: After…
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Intercompany Elimination: Bill Payments and Customer Payments Not Eliminating
Dear Gurus, I'm currently facing an issue with intercompany eliminations in NetSuite and would appreciate some guidance from experienced users. When I run the "Eliminate Intercompany Transactions" step during the period close, I notice that while intercompany invoices (Vendor Bills and Customer Invoices) are being…
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Journal Entry using intercompany account - error message
We would like to generate a Journal Entry from the Subsidiary A (parent sub) towards the Subsidiary B – B is an intercompany vendor to A. On vendor record of sub B default AP account is an intercompany account that has „Elimination intercompany transactions“ checkbox checked. Journal Entry from sub A should go like this:…
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Intercompany Inventory Transfer elimination account on item record
Hello guru's, 5 months into a NetSuite Oneworld implementation and we are confused on why just recently transfer orders between ENV subsidiary to a warehouse sub-location within the same ENV subsidiary is suddenly throwing this error message: "One or more lines are marked for intercompany elimination. Enter a value for To…
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Which subsidiary uses which elimination subsidiary
Hello - We have 3 elimination subsidiaries and I have been asked which of our subsidiaries uses which elimination subsidiary. Is it as simple as the subsidiary hierarchy (see column c on the attached) or is it transactional based. I looked at Suite answers but could not find a straightforward answer. Two of our…
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How to sell an item from a subsidiary to be capitalized as a fixed asset in other subsidary?
Hello Gurus, We have this intercompany business scenario, the selling subsidiary have a non-inventory item for resale, the purchasing subsidiary will capitalize this item as a fixed asset. how to handle this scenario? from the items and accounts setup, intercompany PO, SO and elimination. Your help is highly appreciated.…
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How to create Saved search to show eliminated transactions?
Hello- I am trying to create a saved search which shows all intercompany journal entries with the eliminate box checked. The field itself doesn't show up in the results list. Googling the issue didn't help either. Any ideas?
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subsidiaries are not eliminated properly
I noticed the system does not create elimination entry for some of the subsidiaries when we run the Eliminate Intercompany Transactions step. H*** EU pays bills for Sp**** A**** NL and UK, and Kore UK pays bills for Sp**** A** UK, but the intercompany loan accounts are not eliminated. I wonder if it's because the hierarchy…
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Intercompany Accounts are not zeroed out after completing the Eliminate Intercompany Transactions
Hi, We ran elimination for a particular accounting period (Q2), but it is showing a huge amount instead of zero in the income statement report for that period . Can anybody tell me what could be the reason for this