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SuiteWorld October 6 - 9, 2025: Agenda Builder is live!
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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!
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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.
NSC | Lease Interest Expense Account
Scenario:
The user is unable to utilize the Interest Expense Account for Operating Leases.
Explanation:
The recording of Interest Expense for an Operating Lease follows standard behavior, which includes the following interest journal line:
- Debit to Accumulated Depreciation – Right-Of-Use Asset
- Credit to Lease Liability
The General Ledger accounts utilized in the interest journal are drawn from the accounts specified in the Posting Reference subtab of the Lease record.
Hope this helped!
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