Generating Cross Charges From the Transactions Subtab
NetSuite lets you generate cross charges throughout the accounting period to reduce time spent generating cross charges at period end close.
To generate cross charges from the Transactions subtab:
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Go to Transactions > Financial > Manage Intercompany Cross Charges (Administrator).
Important:Newly enabled feature menu items are not automatically added to custom centers. You must manually add menu items to custom centers after a feature is enabled.
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On the Cross Charge Workbench page, click Generate Transactions.
Note:When you click Generate Transactions, NetSuite does not delete or modify existing cross charge transactions. It generates cross charges only for the unprocessed business services between subsidiaries.
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Click Refresh to view the updated status of the cross charge generation process.
If the cross charge generation process successfully completes, NetSuite lists the generated cross charges on the Source Data subtab. Some columns provide links so that you can drill down to supporting records. For example, if you click a link in the Subsidiary column, that subsidiary’s record opens.
If you click a link in the Source Record column, the read-only intercompany transaction page opens. This page provides links to the trade currency record, posting period, subsidiary record, default cross charge elimination accounts, and the intercompany entity record. The page also provides system notes, general ledger impact, links to a list of intercompany transactions, and to the Transaction Search page.
If the generate transactions process discovered errors, messages about these errors display on the Message Log subtab. You should address any error, and then click Generate Transactions. If the error is Internal Error, click Actions, and then Reset Automation. If you receive another internal error, contact Technical Support.
Important:When there is at least one cross charge journal in any open accounting period, NetSuite disables the intercompany preferences related to cross charges. To modify the related preferences, you must first delete all cross charges in all open periods. You can delete the cross charges when you click Delete Transactions. For more information about intercompany preferences, see Intercompany Preferences.
The Audit Log subtab provides a history of tasks run, run number, and status. It also provides the user who ran the task, and the date and time of the run.
Note:The cross charge journal posts on the same day as the source transaction.