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.
New AI Community Guidelines. Please review and follow them to ensure AI use stays safe, accurate, and compliant.
Keep an eye out for upcoming NetSuite events, including meetups, workshops, and webinars. These sessions are a great way to connect with peers, learn from experts, and stay current on the latest NetSuite updates and best practices. Registration links are provided in each event.
Save $30 - limited to first 1,000 registrants
Join the NetSuite community to innovate, connect, and discover what’s next.
SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Register now
Join the NetSuite community to innovate, connect, and discover what’s next.
SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Register now
What are the implications if no "Opening Balance" entered for an account?
When we first implemented Netsuite, we imported Trial Balances for all of our accounts in several Journal Entries. However, when I go to the Enter Opening Balances screen - ALL of the accounts are still available to have an opening balance entered (if an account has had an opening balance entered, it will not show on this screen anymore). So I guess I have a couple of questions:
- If an account has not had an opening balance entered (via the official screen for doing so) - does that materially impact the accounting functionality in Netsuite?
- Is there a way to go back and modify our imported Trial Balance journal entries so that they are marked as opening balance amounts? (and therefore no longer show up on the Enter Opening Balances screen)
0