how to use netting for more than 2 subsidiaries

AI generated answer (using internal Slack threads):

In NetSuite, the Intercompany Netting feature is used to manage transactions between subsidiaries. However, there are a few things to keep in mind when using this feature: 1. Currency: All subsidiaries must use the same currency for the netting to work correctly. Different currencies are not supported. 2. Balanced GL: NetSuite requires 4 lines per advanced intercompany journal entry to ensure a balanced GL for each subsidiary. If you have the Intercompany AP/AR accounts configured and set as the defaults under Accounting Preferences, you can use the Auto Balance feature for NetSuite to make the offsetting posting for each entity. Then you only need to show the Debit/Credit to Cash, and then select Auto Balance. 3. Subsidiary Structure: In terms of structure, NetSuite treats partially owned subsidiaries as regular subsidiaries. If you need to remove something, you can use the Adjustment Only book. Remember, a subsidiary in NetSuite is a separate legal entity with its own balance sheet, own bank accounts, etc. If one subsidiary sends money to another, then one subsidiary becomes indebted to another. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******