With multi fiscal calendars which calendar does the elimination subsidiary get

AI generated answer (using internal Slack threads):

In NetSuite, when dealing with multiple fiscal calendars, the elimination subsidiary will get the fiscal calendar of the parent subsidiary. This is because the elimination process is designed to remove the impact of intercompany transactions in the consolidated financial statements of the parent company. When an intercompany transaction occurs between two subsidiaries, the transaction will first be eliminated at the level of the subsidiary that is higher in the hierarchy. This process continues up the hierarchy until the transaction is fully eliminated at the parent level. For example, if an intercompany transaction occurs between Subsidiary 1 and Subsidiary 4, it will first be eliminated at the level of the subsidiary higher in the hierarchy (ZZZ Elimination), then at the next level (ZZ Elimination), and finally at the parent level (Z Elimination). This process results in multiple elimination journals for each intercompany transaction. In the case of a subsidiary being sold but still managed within the same NetSuite account, it's possible to manually create an elimination journal at the end of each month to zero out the sold subsidiary's financials at the consolidated level. This allows for the separate running of the sold subsidiary's financials and ensures that the consolidated financials won't include the sold subsidiary's financials from the date of sale. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******