To create intercompany vendors 1 go to lists

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To create intercompany vendors: 1. Go to Lists > Relationships > Vendors > New. 2. In Custom Form , select your custom intercompany vendor form. 3. Enter the information for the intercompany vendor including: Company Name: Use a naming convention to identify this as an intercompany entity such as U.S. Vendor in Canada Sub. Subsidiary: Select the subsidiary to which this entity belongs. Represents Subsidiary: Select the subsidiary that the entity is representing. 4. On the Financials subtab, or Default Payables Account , select an intercompany payable account from the list. This is the default intercompany payable account for the vendor. 5. Complete other information as needed for the vendor. 6. Click Save . For information multiple subsidiaries assigned to a vendor record, see Assigning Subsidiaries to a Vendor . Intercompany Inventory Items Guidelines You can transfer inventory items between subsidiaries. Inventory items do not need to be marked exclusively for intercompany transfers. You must, however, identify an inventory location on intercompany purchase orders and sales orders. Arm's length Inventory Transfers - Use the purchase order/sales order workflow for arm's length transfers. Both the source and destination subsidiaries must have access to the inventory item. Non-Arm's Length Inventory Transfers - (Transactions > Inventory > Enter Intercompany Transfer Orders) On the Accounting subtab of the Item record, check the Eliminate Intercompany Transactions box for the account selected as the Gain/Loss Account. When the item cost is not used as the transfer cost, any difference between the actual cost and the transfer price posts to this account when the item ships. The gain/loss amount is eliminated when you run intercompany elimination. Intercompany Drop Ship - When the Automated Intercompany Drop Ship feature is enabled, the Dropship Expense Account on Item Record defaults to the account specified in the Default Expense Account on the Accounting Preference page. You can override this account on an item record, if NetSuite OneWorld Guide
Setting Up Automated Intercompany Management 64 needed. The account used for the DropShip Expense Account must have the Eliminate Intercompany Transactions box checked. Customizing Standard Journal Entries for Intercompany Elimination NetSuite recommends using Advanced Intercompany Journal Entries (AICJE) to record intercompany transactions. If you want use journal entries with the Automated Intercompany Management feature, you must customize the standard journal entry form to display the To Subsidiary and Eliminate fields. When you add a journal line posting to an intercompany account, the line is flagged to be eliminated during the period close process. See Enter Intercompany Transactions for Elimination .

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