What should I watch for when modifying the subsidiary hierarchy in NetSuite?

AI generated answer (using internal Slack threads):

When modifying the subsidiary hierarchy in NetSuite, there are several factors to consider: 1. Multi-Currency: If your organization operates in multiple currencies, changing the subsidiary hierarchy can impact the consolidated exchange rates, which in turn can affect historical financials. This is because exchange rates are inherited from parent to child subsidiaries. If you change these relationships, you may need to correct the exchange rates. 2. Automated Eliminations: If you have run automated eliminations, changing the subsidiary hierarchy can potentially create complications. Timing is crucial here - you need to ensure that all transactions are posted and periods are closed before making changes to avoid any ongoing issues. 3. Financial Reporting: Changing the subsidiary hierarchy can alter the flow of financial reports. This is a significant change and needs to be carefully considered and planned. 4. Data Migration: If you're considering adding new subsidiaries and importing data to them while inactivating old ones, this can be a complex process and needs careful planning and execution. 5. Testing: Any changes to the subsidiary hierarchy should be tested and verified in a Sandbox environment first to ensure there are no unexpected consequences. 6. Professional Assistance: Given the potential complexities and impacts, it may be beneficial to work with a NetSuite Partner or someone competent who has done it before, rather than trying to handle it internally. Remember, once a subsidiary hierarchy is created, it cannot be changed. The same applies to the base currency and country. Therefore, careful planning and consideration are essential before making any changes. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******