Looking for some thoughts on setting up subsidiary...
# accounting
n
Looking for some thoughts on setting up subsidiary structure. NetSuite articels show that the elimnation subsidiary can be setup as a child of the parent subsidiary just like the child operating subsidiaries. However, I've seen it where there is a Parent subsidiary, then the Elimination subsidiary under that, then the operating subsidiarys as children of the elimination subsidiary. Is this a better setup? Or maybe required for some reason? Thanks
m
Parent Level Child sub Level and Xelimination sub normally the elimination subsidiary should be at the same level as the child subsidiaries
🎯 1
n
ok thanks
@Marc what about a structure like this? Company A, B and C are all operating subs, but Company A owns B and C
Where would the elimination subsidiary and consolidate subsidiary go?
LIke this?
m
Consolidated Sub Company A - Elimination level 1 Company B -Company C - Elimination Level 2
n
ok thanks
very helpful