‘To Subsidiary’ and ‘Eliminate’ options in Journal transactions

Basically, those fields are used for Intercompany Eliminations. Prior to the 2024.1 update, if customer would like to use the standard Journal to record the intercompany transactions, they need to customize the form to display the To Subsidiary and Eliminate fields. 

Customizing Standard Journal Entries for Intercompany Elimination [ SuiteAnswer #20805]

We should use advanced intercompany journal entries (AICJE) to record intercompany transactions.

If we want to use journal entries, we must customize the standard journal entry form to display the To Subsidiary and Eliminate fields. When we add a journal line posting to an intercompany account, the system flags the line to be eliminated during the period close process.

To customize the journal entry form for intercompany elimination:

1. Go to Customization > Forms > Transaction Forms.
2. Click Customize next to Standard Journal Entry.
3. Enter a name for the custom journal entry form.
4. On the Screen Fields subtab, on the Main subtab, check the Show box next to the To Subsidiary field.
5. In the Field Group list, select Classification.
6. On the Lines subtab, check the Show box for the Eliminate label.
7. Click Save.

For additional information, refer:

• Enter Intercompany Transactions for Elimination
• SuiteAnswer 30558: Intercompany Accounts