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13th Month in Accounting
In NetSuite there is an option when creating a new year of accounting periods to have a "one-day year-end adj. period" but this feature doesn't work properly in our minds. If you create a transaction (ie an invoice or a bill payment) dated 12-31-08 it is automatically added to the "Adjust 2008" period when it really should be the "Dec 2008" period. Am I missing something or does this feature not work properly?
Anyone have a workaround besides having to remember to change the period on all transactions dated 12-31-08?
Has anyone tried to retroactively add that Adjust period after the year has already been created? Did it go well?
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