If I create a intercompany transfer order with one item and that one item has the transfer price marked up greater than the cost. Should the netsuite g/l impact hit the item income account, or the item intercompany income account?

AI generated answer (using internal Slack threads):

Based on the conversations, when an intercompany transfer order is created with one item and the transfer price is marked up greater than the cost, the NetSuite G/L impact should hit the Intercompany Clearing Account. This is because the balance in the Intercompany Clearing Account represents the difference between the item cost and the transfer price set on the transfer order. However, it's important to note that this behavior can be influenced by the setting "Use Item Cost as Transfer Cost". If this setting is enabled, there will be no variance between the item cost and the transfer price, and thus no impact on the Intercompany Clearing Account. But if you want to use InterCompany transactions, you have to leave it unchecked. In conclusion, the G/L impact will hit the Intercompany Clearing Account if the transfer price is marked up greater than the cost and the "Use Item Cost as Transfer Cost" setting is unchecked. If the setting is checked, there will be no impact on the Intercompany Clearing Account. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******