Hi – I’m working on importing chart of account for netsuite from QBO. Does netsuite allow making certain GL accounts available to specific subsidiaries?  For instance, we have some accounts but only used to a parent (1) and a sub (2), but non others (3,4,5).  Is this configurable in NetSuite when we setup up  CoA?

Yea you can assign specific subsidiaries to accounts in your COA

But it is not the best practices particularly if you want to use systematic IC eliminations

Thanks! Let me look at the elimination in netsuite. I honestly do not have clue how it works ...never managed multi entity books in netsuite.

in my opinion IC functionality in NS is awesome, but needs to be setup correctly in order to use it. the way accounts work in NS - you would want to make them available for all subs even though you are not using it right now for some

we have like 200 gl accounts and some sub only use like 40 of them

do you think is best

even those 200 gl accounts not being used at full because the previous controller set them up this way before handing off to me so Im trying to organize as simple as possible.

Another consideration with assigning accounts to specific subsidiaries is, if you plan to add a new subsidiary later, you will need to manually assign the account to that subsidiary unless you have selected the parent company and 'include children' on the account.