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How to Stop FX Revaluation on Offsetting Intercompany JEs
Hi everyone, We have intercompany journal entries posted to Other Current Accounts that fully offset each other. However, NetSuite continues to pick them up in currency revaluation, even though the balances should remain closed. We want to stop these entries from being revalued going forward. The accounts are correctly set…
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Help with Manually Posting Intercompany Elimination Entries Using Advanced Intercompany Journal
Hi everyone, I'm looking for guidance on how to manually pass intercompany elimination entries using the Advanced Intercompany Journal for investment in subsidiary having different currency compared to parent entity, advance paid to subsidiary and income booked by subsidiary towards parent subsidiary. Thanks in advance,…
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Advanced Intercompany Journal-The elimination amount is not balanced in the intercompany transaction
Hi Community In the following example, an advanced intercompany journal has been created, but mistakenly, the corresponding Dr for Sub B has selected an incorrect account. Rather this account really should have been Dr intercompany receivables instead of accrued benefits. Typically, I understand that Netsuite will do some…
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NSC | Show Related Vendor Bill in Advanced Intercompany Journal
Scenario: Advanced Intercompany Journal created via scheduled script from Bundle 224753 Shared Vendor Bill 2.0 does not show related Vendor Bills under the Related Records tab. As a standard behavior, the related Vendor Bill is not under the Related Records tab, but on a special field named Allocation - Vendor Bill Link.…
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Applying Advanced Intercompany Journal on a Bill
Hi All! Can anyone please guide on how to apply a payment on a bill if its incase of an advanced intercompany journal? Like I would need to apply a journal as a payment on a bill. TIA
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Multi-subsidiaries JE posting
Hello everyone!! We are currently switching from GP to NetSuite. One thing that was great in GP is the ability to post GL entry to multiple subsidiaries in 1 GL entry. For instance, I want to post an rent accrual for each of my subsidiaries each month. Instead of 1 GL entry, I now have to import 13 of them. We have around…
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Suitetax limitations
We are preparing our migration from Legacytax to Suitetax. I do have one questions about Advanced Intercompany Journal Entries. According to the page limitations to Suitetax (https://suiteanswers.custhelp.com/app/answers/detail/a_id/98937/loc/en_US) and…
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How to prevent the AICJE transaction from posting to a period where the subsidiary period is locked?
It appears that if an Advanced Intercompany Journal is created where the primary subsidiary's period is unlocked and a line level subsidiary's period is locked, NetSuite will still allow the transaction to be created and post to the line level subsidiary in the locked period. Does that behavior sound correct and are there…
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How to solve error in Advanced Intercompany Elimination "A/R & A/P must specify an Inter..Customer"?
Dear, When I am trying to book an advanced ICO elimination, I receive the following message: I do not fully understand this message because within this journal entry you already specify the subsidiary and its vendor/customer subsidiary What else is expected to filled in then? With which values? regards,
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Eliminations - Equity
Hi Community I am a new member, really hoping someone can kindly assist with an issue we have. We have posted Advanced Intercompany journals for investments and equity between the parent and subsidiaries. However, the GL accounts relating to Equity do not appear to be picked up by the elimination entries. They have been…