When creating a bill for a subsidiary with a corporate accounting book and a local accounting book, only the accounting book seems to be impacted, with no amortization schedule created on the local accounting book level.

AI generated answer (using internal Slack threads):

Based on the conversations, it appears that when creating a bill for a subsidiary with a corporate accounting book and a local accounting book, only the accounting book seems to be impacted, with no amortization schedule created on the local accounting book level. This is because the Update Amortization feature in NetSuite is only available for secondary accounting books. For primary books, you would need to manually set the amortization schedule on the item record. However, this is only applicable if you're using items. If you're booking expenses on a vendor bill, there seems to be no straightforward way to automate the update amortization step for secondary books. One workaround discussed involves creating book-specific Journal Entries (JEs) based on the amortization template and dates filled in on the bill, and then linking these JEs back to the original bill. This would essentially replicate the GL impact changes that happen on the bill when you fill in the Update Amortization window to create a secondary book amortization schedule. However, this solution was not fully implemented and thus its effectiveness cannot be guaranteed. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******