A discrete business entity within NetSuite OneWorld that maintains its own currency, accounting books, taxes, and legal-entity hierarchy under a single shared NetSuite account.
NetSuite Subsidiaries enable multi-entity organizations to consolidate their operations in one platform while preserving per-entity accounting integrity. Each Subsidiary has its own currency, GL, tax nexus, and chart of accounts (often shared via Elimination). Inter-company transactions, automated consolidations, and currency translation roll up to the parent. OneWorld is required for any multi-subsidiary deployment.
Acquiring a UK company and adding it as a new Subsidiary so the parent's USD consolidated reports automatically include GBP-denominated UK transactions.
Subsidiaries let acquisition-heavy or multi-region businesses consolidate financials without juggling separate ERPs — central reporting, distributed entity-level operations.
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