Reconciliation templatesAutomate intercompany recharges in NetSuite
When one subsidiary pays for software, rent or people that serve another, Modern applies your recharge rules and drafts the matching intercompany invoice and bill in NetSuite, so both sides always agree.
TriggerMonthly, working day 2
Steps4 steps, from trigger to sign-off
ControlGroup controller approves before posting
Free to start. No card needed.
Monthly, working day 2The instruction
“On working day 2, find costs in NetSuite tagged as shared in the parent company for the previous month. Split them across subsidiaries using the headcount percentages in the recharge schedule and add a 5% markup. Draft a matching intercompany invoice in the parent and a bill in each subsidiary, and ask the group controller to approve before posting.”
Works with every major ERP
- +100 more
How it runs
4 steps from trigger to sign-off
- 01
Find shared costs
Pulls costs tagged as shared in the paying subsidiary for the month.
NetSuite - 02
Apply the rules
Splits each cost by headcount, revenue or a fixed percentage, and adds any markup.
Modern - 03
Draft both sides
Creates matching intercompany invoices and bills in each subsidiary.
NetSuite - 04
Approve and post
The group controller approves, then Modern posts both sides with the same reference.
NetSuite
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FAQs
Recharge intercompany costs automatically: FAQs
Can’t find what you’re looking for? Send us a message and a person on the team will answer.
Yes. Set a rule per cost type, for example headcount for software, floor space for rent and time spent for shared staff.
No. It applies the markup you set in the instruction. Your tax advisers should set the rate, and Modern applies it consistently.
Yes. Modern can raise the invoice in NetSuite and the bill in Xero, QuickBooks or Sage, with the same reference on both.