what does mean that advanced intercompany journal have elminate on line?

AI generated answer (using internal Slack threads):

In NetSuite, the "Eliminate" checkbox on an Advanced Intercompany Journal Entry line is used to indicate that the line should be considered for intercompany elimination. This is typically used when you have transactions between subsidiaries and you want to eliminate the impact of these transactions on your consolidated financial statements. When you check the "Eliminate" box on a line, you are telling NetSuite that this line is part of an intercompany transaction and should be eliminated during the consolidation process. However, for the elimination to work correctly, there are a few conditions that must be met: 1. The accounts used in the journal entry must be set up for elimination. This is done by checking the "Eliminate Intercompany Transactions" box on the account record (List > Accounting > Accounts > Edit > Eliminate Intercompany Transactions). 2. The "To Subsidiary" field on the line must be filled in. This field indicates the subsidiary with which the transaction is taking place. For example, if a US subsidiary sells to a Canada subsidiary, the AP account of the US subsidiary must indicate Canada in the "To Subsidiary" field. If these conditions are not met, you may see an error message like "Elimination settings for the journal line, account, and name do not match." Please note that the elimination process is typically run at the end of the month as part of the consolidation process. If you want to eliminate select transactions only, you may need to manually create elimination journal entries. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******