Discussions
Read on for the latest updates including:
• Agenda Builder launch
• SuiteWorld On Air registration
• New NetSuite Prompt Studio Contest
• And more!
Check out this thread to learn more!
Don’t miss your chance to meet our SuiteGurus—NetSuite Support professionals and subject matter experts with extensive experience in select product areas, including OneWorld, Advanced & Basic Accounting, Supply Chain Management, Receivables & Payables, CRM, Account Administration, and the SuiteCloud Platform. Full Conference attendees can prebook exclusive 30-minute one-on-one sessions for your product questions.
Spots are limited! Register through your Agenda Builder and find SuiteGuru under Agenda Enhancements.
AE: Finance Reports Balance Sheet / Comparative Profit and Loss
Looking at the standard financial reports in NetSuite, it seems that the Balance Sheet (and Trial Balance) show the values in the various accounts at a fixed point in time (e.g. to end of last month), whereas the Comparative Profit and Loss show the values for transactions on the accounts for a set period (e.g. last month).
I have assumed (from looking at the configuration of these reports) that this date / date range is part of the underlying 'type' of report - and I can't have a report that mixes both types of data?
From what I can find online, I can replicate the figures returned on both types of these reports via Saved Searches, but in order to get a value for the account at a fixed point in time (e.g. to end of last month) I have to sum all transactions on that account from the start of NetSuite to the date required.