Hello all, does anyone know the best way to make a transfer from a bank account in one subsidiary to a bank account in another subsidiary? Assuming there is no simple transfer, what transactions could be created to perform the same function? Thanks.

It is an Advanced Intercompany Journal.

@Netsuite Tragic Spectacular. Thank you.

SUBSIDIARY ACCOUNT DEBIT CREDIT Subsidiary 1 Sub 1's Intercompany Liability Account (to other sub) 2000 Subsidiary 2 Sub 2's Intercompany Liability Account (to other sub) 2000 Subsidiary 2 Sub 2's Bank 2000 Subsidiary 1 Sub 1's Bank 2000 Elimination Subsidiary Sub 1's Intercompany Liability Account (to other sub) 2000 Elimination Subsiiairy Sub 2's Intercompany Liability Account (to other sub) 2000

i have to do the same thing and with foreign currencies! I use an intercompany clearing account that I created with elimination setting (make sure you run elimination on the close checklist each month end): Dr Sub A interco clearing Cr Sub A Bank Dr Sub B Bank Cr Sub B Interco clearing