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New To NetSuite | Learn Why Some of the Accounts are Not Available on the Opening Balance Page

edited May 14, 2024 3:39AM in Basic Accounting

One of the common errors that users experience when entering Opening Balances is that they cannot locate the Account that they are looking for. This is because users often forget the correlation between the Parent and Child subsidiaries and how they are set up in each Account.

The accounts that are available on the Opening Balances page will depend upon the value that will be selected on the Subsidiary field. Even if the Parent Subsidiary is selected, not all the accounts will be available. To better illustrate, here are some examples based on the following Subsidiary hierarchy and Account Set Up:

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