When to use Intercompany Transfer Orders

If you need to transfer inventory to another subsidiary in NetSuite (for OneWorld accounts), you should use:

✅ Intercompany Transfer Orders

This is the correct option for subsidiary-to-subsidiary inventory transfers because it ensures:

1. Proper accounting entries between subsidiaries.
2. Intercompany transactions that reflect in both subsidiaries’ financials.
3. Approval workflows, if needed.
4. Tracking of stock movement between subsidiaries.

Steps to Transfer Inventory to Another Subsidiary:

1. Navigate to: Transactions > Inventory > Enter Intercompany Transfer Orders.
2. Select the ‘From’ and ‘To’ Subsidiaries.
3. Enter the items, quantities, and locations for transfer.
4. Submit for approval (if required).
5. Fulfill the transfer order from the sending subsidiary.
6. Receive the inventory in the receiving subsidiary.

This method ensures compliance with intercompany accounting rules in NetSuite OneWorld.