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.
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Stay in the Know
Be sure you're subscribed to NetSuite communication to stay in the know about monthly happenings, updates and announcements. Subscribe
Be sure you're subscribed to NetSuite communication to stay in the know about monthly happenings, updates and announcements. Subscribe
NSC | Computation of CTA in Retained Earnings section (without direct postings)
In NetSuite, users may opt to check the CTA source of their Retained Earnings Section in a Balance Sheet report, especially those who came from Net Income (Balance Forward to Beginning of Year).
It is important to note that the Retained Earnings found in the Balance Sheet Report is composed of Direct Postings to Retained Earnings and Net Income (Balance Forward to Beginning of Year) or the cumulative income as of last period of the fiscal year.
In this illustration, we will assume that the Retained Earnings is solely composed of the Net Income (Balance Forward to Beginning of Year).
0