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Aging of Customer Opening Balances

edited Jun 2, 2025 2:44PM in Ask A Guru 10 comments

I am doing a fresh implementation of NetSuite at our company (they have been using NetSuite for 5 years, but NetSuite Professional Services screwed up and failed the initial implementation twice 5 years ago, and they had a consultant come in to try to rehabilitate the second failure, but the state of the system was still so poor when I cam in, I had to recommend a fresh start).

We have decided on a cutover date of 1 January 2025, which coincides with the fiscal year start. My recommendation is to import opening customer (A/R) and vendor (A/P) balances as of 1 Jan 2025 using the closing balances as of 31 Dec 2024 (https://suiteanswers.custhelp.com/app/answers/detail/a_id/33660/loc/en_US).

Pierre J.-L. Plourde
IT Manager/NetSuite Administrator
Peak Performance Products Inc.
e: pierre@pppinc.ca
t: 416-674-7325 ext. 1029
c: 905-439-7645
f: 416-674-7326
w: www.pppinc.ca
6956 Columbus Road, Mississauga, Ontario L5T 2G1

Oracle NetSuite Certified—ERP Consultant
Oracle NetSuite Certified—SuiteCloud Developer II
Oracle NetSuite Certified—Administrator
Oracle NetSuite Certified—SuiteFoundation
Oracle NetSuite Certified—Financial User
Oracle NetSuite Certified—SutieAnalytics User

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