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NetSuite Support Community Holiday Schedule

It’s that time of the year again! As we embrace the holiday cheer, we want to share an important announcement regarding our holiday schedule. Our dedicated team of NetSuite Support Gurus will be taking a short break to recharge during the holidays, from December 24, 2024, to January 1, 2025. We’ll be back in full swing, ready to assist you on January 2nd. During the break, feel free to explore the wealth of NetSuite resources on our platform.

As we celebrate the season's joys, we are incredibly grateful for your ongoing support and engagement. Have a fantastic holiday break, and let's gear up for an incredible 2025!
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Hello Community! Josh Maxwell, a User Experience Researcher for NetSuite Foundation has fun a question for you. Imagine for a moment that NetSuite had an assistant like Alexa or Siri. What would you ask of your NetSuite assistant? Use this survey link to share your top questions to the assistant.

Here are some examples to get your creative juices flowing.

"Did I pay vendor John Doe last month?"
"Take me to my largest sales order for this month."
"What invoices haven't been paid yet?"

Fast Track Your Year-End Close in NetSuite | Questions and Answers

Here is the list of the questions sent out during the webinar and the answers that were provided.

What would be the reason for reclassification?

There are numerous reasons for reclassification to take place. The main point of reclassification is to bring the Deferred Revenue Amount to its correct balance. First is when the billed amount is less than the revenue recognized. An Unbilled Receivable Adjusment is needed. Second is when an element's Revenue Amount is not equal to its Discounted Sales Amount. Third is when there's a need for Foreign Currency Adjustment.

Is it possible to use manual close this year then utilize automatic close the succeeding year?

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