The journal would for the invoice would be: Debit Intercompany AR xx Credit Intercompany Sales xx and the bill would be: Debit Intercompany COGs xx Credit Intercompany AP xx Thank you.

We can manually post to 1201 as well. What we would like is that only invoices processed through the AR module be posted to this account. No manual journals of any kind. Is this possible in Netsuite? It's usually standard practice? Thank you.

Hi Olivier, Thank you for your response. We have only just been set up for Netsuite. Currently our setup is that AR and AP are being defaulted to (using your example above) to 1201 Accounts Receivable: Trade AR. Are you saying it should default to 1200 Accounts Receivable. Thanks. Nat.