NetSuite Month End Close Intercompany Elimination & Consolidation Process Explained

Learn how to streamline your month-end intercompany elimination and consolidation processes in NetSuite with this guide. In this video, we cover how NetSuite handles base currencies, consolidated exchange rates, intercompany transactions, and elimination journals to ensure accurate financial reporting across multiple subsidiaries and legal entities. You’ll see how to set up elimination subsidiaries, calculate consolidated exchange rates, automate intercompany eliminations, and review financial reports for a clean, balanced consolidation. Perfect for finance professionals, accountants, and NetSuite users looking to optimize their month-end close process, save time, and improve reporting accuracy.

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