Discussions
Stay up-to-date with the latest news from NetSuite. You’ll be in the know about how to connect with peers and take your business to new heights at our virtual, in-person, on demand events, and much more.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Keep an eye out for upcoming NetSuite events, including meetups, workshops, and webinars. These sessions are a great way to connect with peers, learn from experts, and stay current on the latest NetSuite updates and best practices. Registration links are provided in each event.
Save $30 - limited to first 1,000 registrants
Join the NetSuite community to innovate, connect, and discover what’s next.
SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Register now
Join the NetSuite community to innovate, connect, and discover what’s next.
SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Register now
What is the best practice for Adjustment Period?
Hi,
I was hoping to see if anyone had a general overview of how adjustment periods work.
My company wants to implement a 13th period, however, I've never used them before and want to make sure everything flows correctly should we begin to use it.
My main questions are:
- How does it impact the close, i.e. should it be revalued and IC eliminated?
- How do auto-reversing journals work with them, such prior period reveal & IC eliminations?
- Is there a risk that amortisation schedules, revenue arrangements and billing schedules will unintentionally post to the adjustment period instead of the desired period?
0