How do you make a purchase from a vendor at the subsidiary level and pay at the parent level?

I’m trying to understand how cost is applied to jobs when we purchase on the subsidiary level and pay at the parent level.  Would the item be fulfilled properly?  I want to make sure NetSuite is properly accounting for our inventory and job costing.

Rookie Asked on January 17, 2020 in Accounting.
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1 Answer(s)

You will have to use a solution such as shared vendor bills to accomplish this for straight expenses. This is not a small project and I would suggest engaging with a partner or professional services to assist.

However ,for inventory – I’m not sure how I’d handle this – probably Bill and then inventory transfer to the child subsidiary.

Advanced Answered on January 17, 2020.
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