Balance Sheet Accounts
Transactions posted to this group of account types are eligible for both intercompany elimination and foreign currency revaluation. NetSuite reverses intercompany eliminations for these accounts in the next period. When set up as intercompany accounts, you do not have to use these accounts exclusively for intercompany transactions.
|
Account Type |
Eliminate Intercompany Transactions |
Restricted to Intercompany Transactions |
Reverse Elimination Automatically |
Revalue Foreign Currency Open Balances |
|---|---|---|---|---|
|
Other Current Asset – Non-Inventory |
Yes |
No |
Yes |
Yes |
|
Other Current Liability |
Yes |
No |
Yes |
Yes |
|
Long Term Liability |
Yes |
No |
Yes |
Yes |
|
Other Asset |
Yes |
No |
Yes |
Yes |
|
Deferred Revenue |
Yes |
No |
Yes |
Yes |
|
Deferred Expense |
Yes |
No |
Yes |
Yes |
|
Unbilled Receivable |
Yes |
No |
Yes |
Yes |
When the Advanced Revenue Management (Essentials) and Automated Intercompany Management features are enabled, note the following. The Eliminate Intercompany Transactions box is automatically checked on the system deferred revenue and unbilled receivable accounts. You must check this box on these accounts if you are using the Revenue Recognition and Revenue Commitment features. You can clear the this box if no intercompany transactions use these accounts.