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:
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Accounts Payable
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Accounts Receivable
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Bank
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Long Term Liability
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Other Asset
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Other Current Asset
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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:
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Go to Setup > Accounting > Accounting Preferences.
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Click the Balancing Segments subtab.
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In the Accounts section, select values for the following fields:
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Default Intersegment Due To Account
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Default Intersegment Due From Account
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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.
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(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:
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Select a Transaction Type from the list.
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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.
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Click Add.
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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
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Click Save.