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.
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!
SuiteWorld 2025 registration is officially OPEN
SuiteWorld is the largest annual gathering of the NetSuite community! It will be held in Las Vegas on October 6-9, 2025. Our customers and partners look forward to SuiteWorld every year as a place to hear the latest from NetSuite, get hands-on learning, and connect with each other.
Register now!Please be advised that SuiteAnswers will undergo maintenance for approximately 4 hours on Tuesday, May 13, 2025, starting at 01:30 AM Eastern Standard Time. During this time, access to SuiteAnswers to view articles and submit online cases will not be available. Please contact us by phone. For critical issue, please call 1-877-NETSUITE. (1-877-638-7848).
NSC | Adjustment Period and Period Checklist
User wants to have a general overview of how adjustment periods work and make sure everything flows smoothly on their end.
User can only post Journal Entries to an adjustment period. Adjustment periods are not available in the Posting Period dropdown for non-Journal Entry transactions.
Regarding its relation to revaluation and IC elimination, upon checking internally, it is noted that it is not advisable to book intercompany transactions in the Adjustment Period, that feature is best used for normal journal entries that are not being eliminated. This is also documented under SAID 68949: users should not run any period close task on the adjustment period. Executing tasks such as elimination intercompany transaction on an Adjustment Period will result to duplicate entries.
Clarisa De Torres | Ask a Guru
0
Howdy, Stranger!
RegisterDon't have an account? Click here to get started!
