i created a new subsidiary under another one , and there's intercompany journal entries, after running intercompany elimination we noticed that an intercompany amount does not zero out the consolidation book , what should we check or change ? with details

AI generated answer (using internal Slack threads):

****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ****** If you're noticing that an intercompany amount does not zero out the consolidation book after running intercompany elimination, there are several things you should check: 1. Elimination Settings: Ensure that the elimination settings for the journal line, account, and name match. You must check "Eliminate Intercompany Transactions" on the account record and enter a "To Subsidiary" on the name record, if used. 2. Advanced Intercompany Journal Entry: Make sure you're using an advanced intercompany journal entry, not a standard journal entry. The accounts that you use must be set to be eliminated by checking the elimination box in list > accounting. Additionally, you must enter the "To Subsidiary" to indicate the subsidiary with which the transaction is taking place. 3. Intercompany Setup: Check if the customer or vendor you're using is set up for intercompany transactions. Look at the "Represents Subsidiary" field on the customer or vendor record. 4. Subsidiary Setup: If you're trying to post a journal to an account that has "Eliminate Intercompany Transactions" checked on account setup, and are specifying an intercompany customer or vendor on the transaction line, you need to use a different journal custom form (or edit your standard one), with the "Eliminate" field available on the transaction line, and the "To Subsidiary" field available on the header. Remember, the elimination process in NetSuite is designed to zero out intercompany transactions during consolidation. If it's not doing so, it's likely due to a setup issue in one of these areas.