RE: How to Create Parent Company in Netsuite for first time

How to Create Parent Company in Netsuite for first time

because there is option of creating subsidiary where we need to assign parent subsidiary mandatorily

so where to create Parent subsidiary

NS Rookie Asked on November 21, 2023 in Accounting.
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2 Answers

To create a parent company in NetSuite:

1. Log in and access the dashboard.
2. Navigate to the “Setup” menu and find the “Company Information” section.
3. Create a new company, entering details like name and address.
4. Establish parent-subsidiary relationships if applicable.
5. Configure financial settings such as currency and accounting periods.
6. Save the changes, review permissions, and test the setup for accuracy.

To Know more  About NetSuite  ERP Service Visit at  Ledger Labs

Rookie Answered on January 24, 2024.
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