Generating Cross Charges From the Period Close Checklist
NetSuite lets you generate cross charges throughout the accounting period and from the Period Close Checklist. For details about closing accounting periods and using the period close checklist, see Accounting Period Close and Using the Period Close Checklist.
To generate cross charges from the Generate Intercompany Cross Charges task:
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On the period close checklist, run the tasks that precede the Generate Intercompany Cross Charges task.
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Click the Go To Task
icon next to Generate Intercompany Cross Charges. -
On the Task: Generate Intercompany Cross Charges page, click Generate Intercompany Cross Charges.
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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 cross charge generation process discovered errors, messages about these errors display on the Message Log subtab. You should address any error and re-run the Generate Intercompany Cross Charges task. 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.
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When you are satisfied with the generated cross charges, click Back to Period Close.
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On the Task: Generate Intercompany Cross Charges page, click Mark Task Complete.
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Proceed with period end close.