Eliminations in NetSuite look to be inception to date instead of period to date

AI generated answer (using internal Slack threads):

Based on the conversations, it appears that there are some issues with intercompany eliminations in AP and AR in NetSuite. The users have noticed that these eliminations seem to ignore historic revaluations, leading to incorrect elimination. This issue seems to be widespread and can be fixed with a manual journal, but it's not an ideal solution. One user suggested that eliminations should not be run in adjustment periods as it can break the auto reversal process. Another user wondered if the issue wouldn't occur if the adjustment period didn't overlap with other periods. For example, setting the year to run from 1/1 to 12/30 and the adjustment period to run on 12/31. In terms of consolidation and elimination, one user asked if all eliminating subsidiaries should yield a nil balance after the process. They also wondered if the results would vary if some subsidiaries are foreign-based. In another thread, a user asked about running a comparative income statement for the same dates but for the previous year. A link to a NetSuite Answers page was provided as a response. Lastly, a user asked if it's possible to run a balance sheet by accounting period for only a few periods, as currently, it goes back to the beginning of NetSuite time. Another user suggested running a comparative balance sheet, but noted that it defaults to the prior end of year as the "opening" position and they were unsure if it's possible to change that. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******