Questions
Hi everyone,
I have a doubt on Intercompany Journal creation. I have heard that the normal intercompany journals were being deprecated?
If not, is there any chance that this functionality (normal intercompany journals) will be removed from Netsuite in nearby future? Will
there be only an advanced intercompany journal?
Do we need to go with the Advanced Intercompany Journal?
Please share your thoughts regarding this?
Answers
The deprecation of intercompany journal entries and book specific intercompany journal entries (legacy ICJE) began in 2018.1. You can still continue to create intercompany journal entries, including book specific intercompany journal entries. It started in 2018.1 that the new legacy ICJE records included a banner advising you that advanced intercompany journal entries are replacing intercompany journal entries. For your convenience, the banner includes a link to a new advanced intercompany journal entry record. Banner is shown below.
You are not required to follow the link and can create a legacy ICJE if you wish. In the future, legacy ICJE will be removed from all accounts. When that happens, existing legacy ICJE records will be converted to advanced intercompany journal entries. The date when
legacy ICJE will be removed has not yet been determined. You will be notified at least one release in advance.
Hope this clears your concern. Thank you so much