• You can run intercompany elimination only from the Period Close Checklist.
• You can run intercompany elimination for all accounting books, the primary
accounting book, and any secondary accounting book.
• You can run intercompany elimination multiple times for a period.
• You can drill down from elimination results to view the elimination journal entries’
details.
• You must have the administrator role or a financial user role with period closing
privilege at the parent-level to run intercompany elimination.
• When you run intercompany elimination, the system runs the process for all
subsidiaries in your organization. You cannot eliminate intercompany transactions by
subsidiary.
• In multiple level hierarchies and elimination subsidiaries, NetSuite posts elimination
journal entries to the elimination subsidiary for the least common parent node of both
subsidiaries.
• If one subsidiary is a parent subsidiary of another, NetSuite uses the elimination
subsidiary under the parent subsidiary.
• If two subsidiaries do not have a parent-child relationship, NetSuite uses the
elimination subsidiary for the first level parent they have in common.
• NetSuite eliminates reversal advanced intercompany journal entries (AICJE) in the
same period in which they post