Can multiple subsidiaries share a bank account
# ask-stanley-ai
s
Can multiple subsidiaries share a bank account
c
AI generated answer (using internal Slack threads):
In NetSuite, a bank account can only be associated with a single subsidiary and a single currency. This is a system limitation and is designed this way because bank accounts in different countries have different numbers, even if they are all within the same bank. If you have one bank account that needs to be used for multiple subsidiaries, you would need to create multiple GL accounts of bank/cash type. When dealing with customer payments made in different subsidiaries, you would need to ensure that the correct bank account is selected for the corresponding subsidiary. If you're transferring money between subsidiaries, you would need to do intercompany entries. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******
Slack thread 1: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.85517776
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.840643227
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.839186251
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