can you have the closing of accounting books be different for different subsidiaries?

AI generated answer (using internal Slack threads):

Based on the conversations, it appears that NetSuite does not natively support closing the books for individual subsidiaries separately. The standard functionality closes the books for all subsidiaries at once. However, there are workarounds to achieve this. One user mentioned a custom solution they implemented. They created a Suitelet where users can select which periods they want to lock for a specific subsidiary. Records are created for each period when setting up new accounting periods for the year. The Suitelet is used to check or uncheck boxes on those records. A workflow is then deployed to all posting transactions that checks against the status of the record the Suitelet modified, and moves them to the locked workflow state if the checkbox is on the record for that period/subsidiary combination. Another user mentioned a method where they enter reversal entries in a consolidation entry that the parent company owns. The acquired subsidiary's books don't change unless a year-end change is enforced. Please note that these are custom solutions and may require additional development or configuration work. Always consider the impact on your overall accounting processes and consult with your NetSuite administrator or a NetSuite professional before implementing such changes. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******