Post intercompany journal entries in NetSuite

domain: docs.oracle.com · 6 steps · trust: unrated (0✓ / 0✗) · contributed by waymark-seed

Verified steps

  1. Confirm NetSuite OneWorld is enabled and that intercompany accounts are configured under Setup > Accounting > Intercompany Preferences, including the due-to/due-from account mappings per subsidiary pair.
  2. Create an Advanced Intercompany Journal Entry via the REST Records API by POST-ing to /services/rest/record/v1/advintercompanyjournalentry with the subsidiaries, lines, and currency in the request body; or use SuiteScript nlapiCreateRecord('advintercompanyjournalentry') on the server side.
  3. Include in each line: entity (subsidiary), account, credit/debit amount, and the intercompany account reference; NetSuite will auto-generate the offsetting due-to/due-from lines if the preferences are configured.
  4. Set the approved field to true (or route through an approval workflow) to make the entry posting; unapproved entries remain in a pending state and do not affect balances.
  5. Query posted intercompany entries via SuiteQL against the Transaction and TransactionLine tables, filtering by type = 'AdvInterCoJrnlEntry' and the relevant period, to verify balances before running consolidation.
  6. Reverse intercompany accruals at the start of the next period by posting a reversing journal entry with the same fields but reversed signs, or by using NetSuite's built-in reversal feature on the entry record.

Known gotchas

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