Check out Oracle NetSuite upcoming events and conferences here
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 Weekly Quiz! You only have until April 11, 2PM EST 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.
Community Poll: What sort of content would you like to see more of?

Why Do Rent Expense from copied Invoices appear on Income Statement?

edited Mar 7, 2023 9:19PM in Ask A Guru 5 comments

We have our billing set up recurring expenses, i.e. rent, for 12 months out. The issue is they show up on the monthly income statement. This causes my Net Income to be decreased by sometimes 11 months of unpaid rent. Is this supposed to happen?

Should I have billing do extra steps and enter the monthly rent only during the month it is due? The whole point of having the 12 months of recurring expenses put in at once is to say time. Doesn't save much time if they have to modify the income statement to remove expenses that have not been paid yet in order for the Net Income to calculate correctly.

Howdy, Stranger!

Log In

To view full details, sign in.


Don't have an account? Click here to get started!


Community Whiz

Quarter 1 (Jan-Mar 2024)

This Week's Leaders

This Month's Leaders

All Time Leaders