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Month-end accounts reporting

edited Nov 1, 2006 11:24AM in Accounting / ERP 9 comments

Hi,

We have been using NetSuite since Sept05, and have been using the accounts side of it since Aug06.

We used to use SageLine50, and our month-end process involved creating journal entries for any PO's that we still havent been billed for. This enabled us to account for the fact that there is a cost associated with some income from a customer invoice, which Sage wasnt very good at recording.

Now, our accounts people think that we still need to record journal entries for any PO's in NetSUite that are 'pending billing' or another status before we have received the Purchase Invoice from the supplier.

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