Overview This error typically occurs in NetSuite when an intercompany account is used in a standard journal entry instead of an intercompany journal, and the elimination settings are not properly configured. Root Cause The error arises due to a mismatch between: ~ The account’s configuration (marked for intercompany elimination) ~ The journal entry type (standard vs. intercompany) ~ The entity involved (whether it’s an intercompany entity or not) Resolution Options… Continue reading Resolving the Error: “Elimination settings for the Journal line, accounts, and name do not match”
Tag: Intercompany accounts
Intercompany Management Setup
Requirement The task involves analyzing the client’s requirements for an intercompany management system. The client intends to purchase parts from one subsidiary for use by another subsidiary. They require a solution that allows the linking of intercompany purchase orders to sales orders and facilitates the flow between subsidiaries. The objective of this task is to… Continue reading Intercompany Management Setup
Create Intercompany Journal Entries with only IC accounts
Client Requirement – They have Intercompany Payable and receivable accounts. They need to create Journal Entries with these IC accounts to track the amount flow from one subsidiary to another. But they do not have any transactions associated with these. That is actually the money not flowing from one subsidiary to another. So they want… Continue reading Create Intercompany Journal Entries with only IC accounts