Streamline Multi-Subsidiary Operations in Oracle NetSuite.
Managing multiple subsidiaries in NetSuite is complex. Kognitos automates intercompany transactions, consolidated reporting, and revenue recognition without custom SuiteScripts.
English as Code
Describe It in English.
It Runs Deterministically.
Overview
Automatically generate intercompany journal entries across NetSuite subsidiaries, eliminate duplicates, reconcile balances, and produce a consolidated financial package for the CFO.
Execution Steps
1
Identify Intercompany Transactions
- Scan NetSuite for transactions between subsidiary accounts during the period
- Match offsetting entries and flag any that lack a counterpart
2
Auto-Generate Eliminations
- Create intercompany elimination journal entries for each matched pair
- Apply the correct exchange rates for foreign-currency subsidiaries
3
Produce Consolidated Report
- Roll up subsidiary trial balances after eliminations into a single view
- Distribute the consolidated financial package to the CFO and auditors
Use Cases
Enterprise
Use Cases
Revenue Recognition Automation
Apply ASC 606 rules automatically, identify performance obligations, allocate transaction prices, and recognize revenue on schedule in NetSuite.
Multi-Subsidiary Consolidation
Automate trial balance rollups, intercompany eliminations, and currency translations across all NetSuite subsidiaries.
Automated Billing Schedules
Generate and send recurring invoices from NetSuite based on contract terms, escalation clauses, and milestone completions.
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