Initiating a Netting Transaction The Balance Overview page provides a grid view of the open payable balances for subsidiaries. This page groups transactions by subsidiary-subsidiary-currency. Each subsidiary-subsidiary-currency group displays the following open balances: Balance due – Includes accounts payable and accounts receivable balances from all open posted transactions. Netting amounts – The Available for netting… Continue reading Initiating a Netting Transaction
Tag: Intercompany Framework
Intercompany Netting
The Intercompany Framework feature includes the intercompany netting functionality. Intercompany netting enables you to settle mutual intercompany open balances across subsidiaries set up as represented customers and vendors. Intercompany netting automatically generates settlements, which reduces inaccuracies made through manually generated settlements. When you use intercompany netting throughout an accounting period, you reduce the number of… Continue reading Intercompany Netting
The NetSuite Intercompany Framework Feature
Introduction The NetSuite Intercompany Framework feature allows you to manage intercompany workflows. Primarily, this feature manages intercompany cross charges and intercompany netting. NetSuite Intercompany Framework Overview So how does the Intercompany Framework feature work? Let’s take a look! Intercompany Cross Charges and Intercompany Netting When the NetSuite Intercompany Framework feature has been enabled, you will… Continue reading The NetSuite Intercompany Framework Feature