Ryan Longenecker
01/06/2025, 6:36 PMCeligo AI
01/06/2025, 6:36 PMAI generated answer (using internal Slack threads):Based on the conversations, it appears that you can make an account a subaccount of another account in NetSuite. However, there are some restrictions. For example, in one of the threads, a user was unable to make the Unrealized Gain/Loss account a subaccount of another account because the sub-account field was greyed out. In terms of having a different chart of accounts (COA) for each subsidiary, it is technically possible, but it's not the standard way NetSuite operates. NetSuite is designed to simplify accounting, and having multiple COAs can complicate things. Instead, it's recommended to use segments (class, department, custom segment, etc.) and custom Profit & Loss and Balance Sheets. However, if you have one-to-one relationships between your main (parent) COA and your subsidiary's COA, then you can have a different COA for each subsidiary. If this is not the case, then multibook is the answer. Please note that these are interpretations based on the provided Slack threads and may not fully cover your specific situation. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******
Celigo AI
01/06/2025, 6:36 PMSlack thread 1: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.837398529
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.829768777
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.829140604
Celigo AI
01/06/2025, 6:36 PM