where do you create the NetSuite in transit account for transfer orders and how does netsuite default this to records ?

AI generated answer (using internal Slack threads):

The In-Transit account in NetSuite is created in the Accounting Lists. You can navigate to this by going to Setup > Accounting > Manage Accounting Lists. From there, you can create a new account and select 'In Transit' as the account type. As for how NetSuite defaults this to records, it is typically used in the context of Intercompany Transfer Orders. When you create an Intercompany Transfer Order, NetSuite automatically uses the In-Transit account for the 'Transfer From' subsidiary until the order is received by the 'Transfer To' subsidiary. At that point, the In-Transit account is relieved and the inventory asset account of the 'Transfer To' subsidiary is hit. Please note that the In-Transit account is a mandatory field on the subsidiary record for those subsidiaries that will be involved in Intercompany Transfer Orders. If the field is left blank, NetSuite will not allow you to save the subsidiary record. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******