I have a question about fund accounting. We would (ideally) have a subsidiary that is jointly owned by 2 different funds, also represented by subsidiaries. In NetSuite, a subsidiary can only have 1 parent entity designated. Has any one else handled this situation in NetSuite? Our current solution is to report investor/fund accounting from a different platform altogether.

Create your IC journal entries monthly or go with the monthly invoice/vendor bill process whichever makes more sense to you