What does the intercompany framework feature do

AI generated answer (using internal Slack threads):

The Intercompany Framework feature in NetSuite is designed to facilitate transactions between different subsidiaries within a company. It automates the process of creating intercompany transactions and ensures that the accounting entries are correctly recorded in the respective subsidiaries' books. One of the key functionalities of the Intercompany Framework is the 'Intercompany Cross Subsidiary Fulfillment' feature. This feature allows a company to fulfill orders from a location that is outside of the customer's subsidiary. However, it's important to note that the Cost of Goods Sold (COGS) is recorded in the inventory subsidiary, not the ordering subsidiary. Another important functionality is the 'Intercompany Cross Charges' feature. This feature is used when a subsidiary purchases goods and another subsidiary receives them. The GL impact of the Vendor Bill and Item Receipt is recorded in the respective subsidiaries. However, it's important to note that this feature only works for subsidiaries that use the same currency. In the case of discrepancies between the accrued purchases in the Vendor Bill and Item Receipt, it's not clear how NetSuite handles this situation. It's also worth noting that the Intercompany Framework may not correctly record intercompany payable/receivable when using the 'Intercompany Cross Subsidiary Fulfillment' feature. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******