Discussions
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!
Now, you can stay up-to-date with the latest discussions, helpful tips, and important announcements, all delivered straight to your inbox. Whether you’re looking to catch up on what you missed or just want a quick overview, our email digest has you covered. To learn more and to subscribe, click here.
New to NetSuite | Accounting Periods Feature
An accounting period refers to a specific timeframe during which financial transactions are recorded and financial statements are prepared. It can include various durations, such as the traditional 12-month period from January 1 to December 31, a single month like June, or even a specific quarter like July 1 to September 30.
When starting a business, one important decision to make is whether to adopt a Calendar Year or a Fiscal Year as the accounting period. While most businesses choose to report their income on a calendar year basis, there are instances where an organization may opt for a different year-end date to align with its natural business cycle.
Clarisa De Torres | Ask a Guru
- Earn Community badges now! Refer a Member | Answer Accepter |
Did you know your engagement in our programs can lead to awesome surprises? That's right!
By participating and showcasing your skills, you'll get a chance to win exclusive rewards. Are you ready to unlock your potential and claim these amazing perks?
Learn more and join in the fun: