Intercompany Framework

The Intercompany Framework feature includes a variety of components to help you manage your intercompany workflows. For example, this feature includes the cross charge generation functionality. Cross charge generation is a process that you can perform throughout the accounting period or at period end close. This process generates charges for subsidiaries that performed services for each other during the accounting period. For example, when you source and fulfill inventory items from different subsidiaries. When subsidiaries fulfill orders or accept returns on behalf of other subsidiaries, NetSuite creates open intercompany payable and receivable balances. NetSuite reconciles these balances when you generate cross charges.

The Intercompany Framework feature also includes the intercompany netting functionality. This functionality enables you to settle mutual intercompany open balances across subsidiaries, and then automatically generate intercompany settlements statements. When you use this functionality throughout the accounting period, you reduce the number of open intercompany transactions. Fewer open intercompany transactions means less manual effort spent reconciling, revaluing, and eliminating these balances. It also simplifies the period close process, and decreases the time spent on payment processing and bank reconciliation.

Related Topics:

Intercompany Framework Permissions
Best Practices for Using the Intercompany Framework Feature
Requirements for the Intercompany Framework Feature
Intercompany Cross Charges
Intercompany Netting
Introduction to NetSuite OneWorld
Subsidiaries in OneWorld
Subsidiary Setup
Set up NetSuite OneWorld
Intercompany Preferences
Automated Intercompany Management
Viewing Open Intercompany Balances
Subsidiary Settings Manager
Associate Subsidiaries with Entities and Items
Consolidated Reporting in OneWorld
Subsidiary Navigator
OneWorld ERP Accounting
OneWorld CRM
OneWorld and SuiteCommerce

General Notices