You must complete the following steps to set up NetSuite OneWorld.
Plan your subsidiary hierarchy and create a visual representation of this structure. See Subsidiary Hierarchy Planning.
Ensure that currencies to be used by subsidiaries are set up in your account.
For an overview of how OneWorld uses multiple currencies, see Multiple Currencies in OneWorld.
Ensure that tax jurisdictions (nexuses) to be used by subsidiaries and related tax items are set up in your account.
Create subsidiary records. Start from the top-level or root subsidiary, and work your way down through child and grandchild subsidiaries.
You can create subsidiaries representing both legal entities and elimination subsidiaries. For instructions, see Creating Subsidiary Records.
After you save each subsidiary record, you can edit its nexuses and set preferences, as needed. See Editing Subsidiary Records.
You can delete a subsidiary if there are no associated transactions or records. See Deleting Subsidiary Records.
Complete the following, as needed:
- Logos in OneWorld
- Subsidiary Setup
- Intercompany Preferences
- Intercompany Framework
- Automated Intercompany Management
- Viewing Open Intercompany Balances
- Subsidiary Settings Manager
- Consolidated Reporting in OneWorld
- Subsidiary Navigator
- OneWorld ERP Accounting
- OneWorld CRM
- OneWorld and SuiteCommerce
- Introduction to NetSuite OneWorld