What is project implementing arms length transactions

AI generated answer (using internal Slack threads):

Arm's Length Intercompany Transactions and Non-Arm's Length Intercompany Transactions are two different methods of handling intercompany transactions in NetSuite. Arm's Length Intercompany Transactions require the use of Purchase Orders (PO) and Sales Orders (SO), creating a more complex process. However, this method has the advantage of allowing NetSuite to perform calculations automatically, eliminating the need for users to calculate them independently. It also ties the transactions to one another, preventing imbalances. In Arm's Length Intercompany Transactions, NetSuite eliminates the profit if a rate is set for the item that is higher than the Average Cost. However, this elimination does not occur in Non-Arm's Length Intercompany Transactions. The decision to use Arm's Length or Non-Arm's Length Intercompany Transactions is typically driven by accounting needs. If the automation provided by Arm's Length transactions is beneficial and matches the accounting requirements, it is the preferred method. However, if the Arm's Length accounting process does not post the correct results, or if there is no need for Arm's Length accounting, then Non-Arm's Length transactions are used. Cross-subsidiary fulfillments are considered Non-Arm's Length transactions as they do not emulate the paper trail required for Arm's Length transactions. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******