Has anyone's company been purchased, therefore you...
# general
c
Has anyone's company been purchased, therefore you having to set up purchase acquisition accounting in your NetSuite instance? Essentially we are needing to esnure that all assets and liabilities, tangible and intagible be measured at fair market value. I had set up an acquisition subsidiary to track all this but the buyers of our company doesn't want do it that way. Thought there might be a bundle or a suiteapp that could do this purchase acquisition accounting but haven't seen anything lately. Any help is appreciated!
p
Well the first thing would be to understand exactly what they want but I would say usually subs are only used if you need to eliminate part of a year's result or a split ownership or similar - I also don't think they should have a say in the technical solution since that would maybe not affect them 'on the surface' e.g. for eliminations - and a manual work around may break real-time aggregation then, as an example.
k
your new company will give you journals to book, you will have to figure out how to book them based on your structure/what exactly was purchased