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!
Update your Profile with your Support type to get your Support Type badge.
Don't miss out on our Pop Quiz You only have until February 7, 2025, 10:00 AM ET to comment your answers and earn rewards! Click here for more details.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.
Make Your Voice Heard: What Tech & ERP Topics Should We Explore in our Next Webinar?? We’re all ears! Vote now, and the poll runs until January. Poll for ERP | Poll for Tech.
Uncover the power of data with the Analytics Hub —your ultimate guide to mastering NetSuite Saved Searches and Reports. Simplify the complex and unlock your organization's true potential. Dive into the Analytics Hub now and soar to new heights!
To help you get the most out of your 2025.1 Release Preview account, review the topics outlined in the Release Preview Guide.
NetSuite Release 2025.1 Release Notes are available for download here!
What is the best practice for Adjustment Period?
Hi,
I was hoping to see if anyone had a general overview of how adjustment periods work.
My company wants to implement a 13th period, however, I've never used them before and want to make sure everything flows correctly should we begin to use it.
My main questions are:
- How does it impact the close, i.e. should it be revalued and IC eliminated?
- How do auto-reversing journals work with them, such prior period reveal & IC eliminations?
- Is there a risk that amortisation schedules, revenue arrangements and billing schedules will unintentionally post to the adjustment period instead of the desired period?
0