This feature allows NetSuite users to book intercompany activity through FloQast journal entries. NetSuite users can create a single journal entry across multiple subsidiaries in FloQast using Journal Entry Management (JEM).
JE Configuration - Admins:
In the Journal Entries tab, select the kebab button and then Settings. In the Fields & Options tab click the kebab button and then Edit Configuration for your ERP. In the Customize Journal Entry Fields section select the desired Line Items that you wish to see in your journal entries. For example, you may wish to add fields such as Line Subsidiary and Due To/From Subsidiary.
Back in the Fields & Options section of the JEM Settings, click the kebab button and select Edit Posting Configuration. Enable the option for Auto Sync Advanced Intercompany ERP Changes When Entry is Prepared. When this is enabled, FloQast automatically sends the prepared entry to NetSuite to pick up any system-generated changes (like auto-balancing lines) and reflects them back in FloQast's JEM view.
Creating a Journal Entry - Users:
Within JEM click the green Create button to create a new Journal Entry. As usual, select your entity and then the JE fields will appear. In the top right corner there is a checkbox to enable an Intercompany Journal Entry. Select this box for any intercompany JEs and see that your selected fields now display in the Line Items columns towards the bottom of the JE.
Importing a Journal Entry - Users:
In JEM click the dropdown button within the green Create button and select to Import Journal Entry. Select your Entity and then notice the checkbox option for Intercompany Journal Entry. Select this box for any intercompany journal entries.
Frequently Asked Questions
Q: Why am I not seeing the "Line Subsidiary" column in the journal entry?
A: Ensure you've checked the Intercompany Journal Entry box at the top of the form. The columns are dynamic and only appear when the box is checked.
Q: Why isn't the entry auto-balancing?
A: First, verify the "Auto Sync..." toggle is enabled in the Posting Configuration settings. Second, ensure the Approval flow is enabled in FloQast. This allows the entry to sit in an "unposted" state while FloQast syncs the balancing lines from NetSuite.
Q: Can I use this for standard (non-advanced) intercompany JEs?
A: No, this feature strictly supports the NetSuite Advanced Intercompany Journal Entry module.