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
Cash vs Accrual
Does any one know how Netsuite posts when an order is placed on the net for a cash basis vs an accrual basis.
For example when a basic credit card order is placed on the net. Our order processing is as follows Order received -> Fulfilled -> then billed.
Well assume that I am looking at the Income statement
With the income accounts: sales and shipping
Cost of sales accounts: COGS and Postage and Delivery
We are trying to get our Cash basis Net Income to match up with the BS Net Income Accrual match's but Cash will not
0