This document outlines the functionality and processes associated with making payments to a Vendor of a different subsidiary within NetSuite OneWorld. This situation could be applicable when a Parent subsidiary pays the bills for the child Subsidiary, or vice versa.
Payment to Vendors by a Subsidiary Procedure
a. Enter the bill in the incurring subsidiary.
b. Enter the Intercompany charges to the respective subsidiary.
c. Create bill payment in the paying subsidiary.
d. Equalize out the balance of the clearing account if the currencies don't match using a Transfer.
This Best Practice is consistent with the functionality contained in the Release 2009.1 of Netsuite (Edition: International) and in the Release 2009.2 (Edition: United States).
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