Subsidiaries can only be deleted after deleting the related records. This includes various transaction records, customers, vendors, contacts, employees, items, departments, locations, product groups, and accounts.
Some records, such as items, product groups, customers, vendors, departments, and accounts, can be linked to other subsidiaries, so we will need to remove those connections first.
Before proceeding with the deletion of transaction records, we will need to reopen the associated closed accounting periods. After the deletion of the subsidiary then need to close these again.
The deletion of the subsidiary will affect the values in the financial reports like the trial balance, balance sheet, income statement, etc.