Netsuite Foundation Process Flow Practice Test

The feature that enables tracking time across subsidiaries is intercompany time. This functionality allows organizations with multiple subsidiaries to effectively record and manage employee time in a way that incorporates the nuances of intercompany dynamics.

Using intercompany time tracking ensures that employees’ hours worked, regardless of the subsidiary they belong to, can be aggregated and reported across the entire organization. This is particularly beneficial for companies that have projects spanning multiple subsidiaries, as it provides a comprehensive view of labor costs and utilization.

This feature also facilitates the accurate allocation of labor costs to the appropriate subsidiary, which is essential for financial reporting and project management. By enabling this type of tracking, businesses can glean insights into productivity and resource allocation across their entire corporate structure, ensuring that they can make informed decisions based on consolidated data.