Divya Unnikrishnan · NetSuite Solution Architect · SuiteMaster

Hi Cherry Eunice B Licyayo-Oracle Could you please mention why the system is not consistently posting directly to the section-specific account, even when the GL plug-in is enabled for some accounts and why additional GL lines are generated in some cases. Additionally, how do we resolve this issue? It also seems that the…

Hi Angela Bayliss My query is about understanding the difference in implications between the two accounts so the business can determine which one should be used as the adjustment account. Thank you

B. Transaction List Columns subtab

Hi Camille, Could you please mention how can we setup Reverse charge mechanism in SuiteTax accounts? Thanks in advance. https://community.oracle.com/netsuite/english/discussion/comment/16906519#Comment_16906519

Hi Camille, I had another query. Which currency is used in the data in customer statement and customer Aging balance fields in customer master?

Hi Camille, Advance Merry Christmas! Which account should we ideally use as Adjustment account in Inventory adjustment - COGS or Expense account and what is the difference in Income Statement impact? On a side note, what are your plans for Christmas this year?

Hi User_RT1GZ Could you please confirm that the payment line is not shown in the Review or excluded tabs in the Match bank data? Also, could you please check if the lines are shown in the bank statement lines of the import in the Bank Statement Import dashboard portlet? To see the bank statement lines imported, click on…

Hi Karen See Could you please confirm that the selected Fixed Asset Account is an active, non-summary account? Also, it would be suggested to create Non-inventory items for each asset type with the asset specific accounts configured in the item records. You may use the same item for purchase as well as disposal by sale…

Hi User_05DQT The A/P Aging and A/R Aging reports are summary-level views grouped by vendor or customer. Transaction-level details are only available in the Aging Detail reports. For the Intercompany A/P Aging Detail and Intercompany A/R Aging Detail reports, the Paired Intercompany Transaction field cannot be added…

Hi NE_JohnC What is the calculated measure formula you used in the workbook? It would be great if you could share the screenshot. Thanks

Hi User_ZT7UY Have you referred to the solutions mentioned by Patrick Fresnosa-Oracle and Katerina Winklerova-Oracle in How to clear Journals that appears in AP Aging Report? — NetSuite Community?

Hi Janice De Ocampo Thank you for that information. Could you please mention if it is required for Malaysia E-invoicing SuiteApp installation in all scenarios or is there any specific reason mandating the OneWorld configuration?

Hi User_FL4CK @Chelsea Jacobs is right. The Posting Period cannot be added to the Manage Proposal page because the Asset Proposal is not tied to any transaction creation and therefore does not generate any GL postings to accounting periods. The Asset Proposal only results in the creation of the asset record, while the…

B) They allocate revenue or expenses over time automatically

Hi Janice De Ocampo As per the SuiteAnswers #1016784, OneWorld is not listed as a prerequisite for Malaysia Electronic Invoicing SuiteApp. Ideally, you should be able to use the SuiteApp if the single subsidiary configured is a Malaysian subsidiary. OneWorld is optional and only relevant if your business structure involves…

Hi User_ATB2E Could you please try unapplying the selected transactions and then voiding the customer payment? Additionally, please confirm that your role has the voiding role permissions. Please confirm whether the accounting period in which the transaction was posted is still open. Thanks

B) A form of depreciation that involves a partial write-off.

TRUE

Hi User_IJB6M Could you please mention the purpose of creating such a vendor record? If you create the vendor record and set it as inactive, the same cannot be used in transactions. You can reactivate the vendor later if needed by unchecking the Inactive box. Thank you

Hi Aly Magpantay-Oracle Thank you

C. Shortcuts

True

Hi Jayben Fung Yes, that’s a recommended approach. After confirming the trial balance, you can post a Journal Entry to move the net balances into the appropriate equity accounts, such as Retained Earnings. NetSuite does not allow locking a single account, but you can close prior accounting periods to prevent backdated…

Hi Jayben Fung Yes, in addition to using the “Enter Opening Balances” page, you can record opening balances through a Journal Entry (JE). This method is widely used when you want to ensure your accounts start off fully balanced. A JE follows the double-entry accounting principle, where every debit has a corresponding…

Hi The ability to add department and location-wise account balances in 'Enter opening balances' page is currently logged as a NetSuite enhancement in the voting stage [#71296] It would be suggested to use Journals for the TB open Balance import rather than 'Enter Opening balances' option if we wish to include location and…

Hi, NetSuite processes positive inventory adjustments first and negative adjustments last when they occur on the same date. If a negative adjustment must precede a positive adjustment, assign different dates to the transactions (refer to SuiteAnswers #28147). Resolution Steps To comply with this rule, the date of the…

Hi Vishnu Raj What is the error you're facing when attempting to create PO? Also, is the HSN/SAC code inputted in the line level and the Default vendor tax reg number selected under the Tax details subtab? India localization bundle supports GST calculation in the PO level provided the relevant details and GST rule…

Hi Jam Amper-Oracle All the recommended steps were followed, yet the issue persists. At the time of saving the transaction, the cost appears accurate. However, after cost recalculation, the negative line estimated unit cost changes, which impacts both COGS and the Inventory Adjustment account. The items involved are…

A. Pending Accounting Approval

Hi Aly Magpantay-Oracle Yes, we have checked the date range of the report and the issue still persists. Thank you