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NetSuite has launched SuiteSuccess Wholesale Distribution Edition, in Japan. Please join us the webinar on February 12 that introduces NetSuite solution with demos and case studies for Wholesale Industry.
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Intelligent Payment Automation, powered by BILL (formerly 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.
NSC | Customize Balance Sheet: How to move Net Income from Prior Periods to Retained Earnings?
Scenario:
User want to move Net Income from previous periods (beginning of the year) to Retained Earnings in Balance Sheet.
Solution:
1. Navigate to Reports > Financial > Balance Sheet
2. Click Customize
3. Go to Edit Layout section
4. Edit Sections:
For the Retained Earnings:
A.) Expand Liabilities and Equity > Equity > Retained Earnings > Net Income (Balance Forward to Beginning of Year)
B.) Reference Row:
Relative Range: Balance Forward
To: Start Date
C.) Rename Row: Net Income (Balance Forward to Beginning of Period) - this is optional
Note: The Retained Earnings section of the report is composed of the Net Income Balance Forward (via Income Statement lookup) and Retained Earnings manual postings to this account.
