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Intelligent Payment Automation, powered by BILL (aka Bill.com), lets you automate payments, manage vendor details, and bank account information within NetSuite.
The SuiteApp is available to organizations based in the U.S. with a valid U.S. address, or to global customers (except Canada, China, and Japan) with U.S. business subsidiaries. It only supports payments to vendors operating in the United States.
For more information, visit this thread.
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Why Amortization Journals run in different accounting periods on the IFRS vs Local GAAP books
Hello.
For journal entries for Prepaid T&E posted in Nov/Dec 2025 to reclass related expenses from 2025 to 2026 with amortization start-/end-dates of Jan 1st/31st respectively, for the IFRS books, NetSuite configured the amortizations' POSTING PERIOD as Jan 2026 but for the (US) Local GAAP books, NetSuite configured the same JEs' amortizations' POSTING PERIOD as Dec 2025
What is causing this to occur?
- Is it merely a “glitch” ?
- Is there a difference in accounting for event-related prepaid expenses in IFRS vs US GAAP that is being applied by NetSuite in the background tied to the GL/track code/other? (i.e., IFRS requires that event expenses be recognized in the period during which the event occurs, but does US GAAP require that event expenses be recognized as incurred?
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