In the “Eliminate intercompany transactions” task of period close checklist, the button “Mark Task Complete” is hit before the Submission Status is set to Complete. It resulted to “Intercompany elimination reversal Journals” not being created(incomplete Intercompany Elimination Journal Entries). To verify this, reopen the period and check the Eliminate Intercompany Transactions Task by doing the following:
- Navigate to Setup > Accounting > Manage Accounting Periods.
- Click Eliminate Intercompany Transactions task.
- In status tab, click on error link for the last task run.
Error: “Record could not be saved because the period close task for Eliminate Intercompany Transactions has been completed for period _____”.
When run the “Eliminate Intercompany Transactions” task via the period close checklist, status of “Complete” should be observed before clicking the Mark Task Complete button, to get the completed elimination entries in NetSuite. This is also applicable for instances when both Intercompany Elimination Journal Entries and corresponding reversals are not posted.