Configuring Intersegment Accounts

Intersegment accounts enable you to balance by segment without changing the general ledger impact to your regular transaction posting accounts. When balancing journals are generated, NetSuite posts the offsetting debits and credits to these intersegment accounts. You must configure your intersegment accounts to complete the feature setup.

Create your intersegment accounts before you begin this procedure. For instructions, see Creating Accounts. You can use accounts of any of the following account types for intersegment accounts:

• Accounts Payable

• Accounts Receivable

• Bank

• Long Term Liability

• Other Asset

• Other Current Asset

• Other Current Liability

Select your default intersegment accounts on the Balancing Segments subtab of the Accounting Preferences page. Your role must include the Accounting Preferences permission.

To configure intersegment accounts:

1. Go to Setup > Accounting > Accounting Preferences.

2. Click the Balancing Segments subtab.

3. In the Accounts section, select values for the following fields:

   • Default Intersegment Due To Account

   • Default Intersegment Due From Account

   • Default Intersegment Cash Account (see Transaction Line Segmentation on Payment Transactions)

   You can use different accounts for the Default Intersegment Due To and Default Intersegment Due From accounts. If you prefer, you can use the same account for both.

   Tip:

   If you use the same account for both Default Intersegment Due To and Default Intersegment Due From accounts, the consolidated balancing lines automatically zero out in the general ledger. You can also zero these lines out using the Default Intersegment Cash Account. For more information, see Reversing Balancing Segment Intersegment Lines.

   

4. (Optional) To set up due to and due from accounts for specific transactions types, add lines in the list below the Accounts section as follows:

   1. Select a Transaction Type from the list.

   2. Select a Due To Account or Due From Account.

      You can select – Transaction Posting Account – as the value for these fields. In that case, the offsetting debits and credits for the balancing journals post to the default account for the transaction type.

   3. Click Add.

   4. Repeat these steps needed.

   For the following transaction types, you can also select a Transaction Posting Account as additional criteria to determine the Due To Account and Due From Account:

   Assembly Build	Assembly Unbuild	Bill	Bill Credit	Bill Payment	Bin Putaway Worksheet
   Bin Transfer	Blanket Purchase Order	Cash Refund	Cash Sale	CCard Refund	Check
   Commission	Credit Card	Credit Memo	Currency Revaluation	Customer Deposit	Customer Payment Authorization
   Customer Refund	Deposit	Deposit Application	Estimate	Expense Report	Finance Charge
   Fulfillment Request	Inbound Shipment	Inventory Adjustment	Inventory Cost Revaluation	Inventory Count	Inventory Distribution
   Inventory Status Change	Inventory Transfer	Inventory Worksheet	Invoice	Item Fulfillment	Item Receipt
   Liability Adjustment	Opportunity	Ownership Transfer	Paycheck	Paycheck Journal	Payment
   Payroll Adjustment	Payroll Liability Check	Purchase Contract	Purchase Order	Purchase-Type Custom Transaction	Request For Quote
   Requisition	Return Authorization	Revenue Arrangement	Revenue Commitment	Revenue Commitment Reversal	Revenue Contract
   Sales Order	Sales Tax Payment	Sales-Type Custom Transaction	Statement Charge	Store Pickup Fulfillment	Tax Liability Check
   Tegata Payable	Transfer	Transfer Order	Vendor Request for Quote	Vendor Return Authorization	Wave
   Work Order	Work Order Close	Work Order Completion	Work Order Issue

5. Click Save.

Related Topics

Setup for Balancing Segments

Enabling the Balancing Segments Feature

Creating a Balancing Segment

Roles and Permissions for Balancing Segments

Reversing Balancing Segment Intersegment Lines

Transaction Line Segmentation on Payment Transactions

General Notices