Hi All — what's the best way to reverse an intercompany elimination entry that was posted as part of month-end? When I check the GL impact, it only shows the elimination subsidiary, but the source transaction rows point to the underlying subsidiaries. Am I supposed to go through each one and create an advanced intercompany JE in the same month to reverse it? The reason I’m looking to reverse is that some manual entries were posted, and per the accounting team, we don’t actually need an additional elimination. We're cleaning this up as we move toward using NetSuite’s automation going forward. I did check with NetSuite Premium Support — they confirmed that if we reverse the system entry using an advanced intercompany JE, it should net to zero and won’t be picked up for elimination again. Appreciate any guidance you can share! Thanks,

Best practice: use an advanced intercompany JE to reverse in the same month. That way the reversal nets out, and you avoid duplicate eliminations in future periods. Just make sure the reversal mirrors the system-generated JE one-to-one.

Can you just delete it?

• About the reversal — just to confirm, I assume the correct approach is to go through the underlying source transactions (where I can see the subsidiaries) and create an advanced intercompany JE for each one. • Simply deleting the elimination entries wouldn’t work, since that would just cause NetSuite to generate them again during the next month-end task. • Unfortunately, this was set up by NetSuite without proper training for the users, so now things are a bit messy and hard to untangle. Appreciate all helps!!

I would recommend reversing the manual entries and not messing with these automated ones

In our case, the elimination GL accounts weren’t set up correctly from the start, so according to the accounting team, the system-generated elimination entries aren’t actually accurate. Since it’s a three-year mess, they’re not planning to delete their manual entries. • For the reversal, I checked with NetSuite Premium Support — per their testing, as long as we reverse it in the same month, the next run should net out to zero