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 December 10, 2025, 12:00 PM 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.
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 2025.2 Release Preview account, review the topics outlined in the 2025.2 Release Preview Guide.
Nominate Your Peers for NetSuite Support Community's Choice of the Quarter! Submit your nomination today.
Intelligent Payment Automation version 1.0.3 is now available in the SuiteApp Marketplace. The SuiteApp, powered by BILL, lets you automate payments, manage vendor details, and bank account information within NetSuite. Learn more
No Limits. Just possibilities.
Join us for complimentary one-day events around the world and step into a future fueled by AI and limitless potential. Explore new breakthroughs, sharpen your skills, and connect with experts who are shaping what’s next. Experience bold keynotes, interactive learning, and connections that span the global NetSuite community. Discover what's next at SuiteConnect Tour 2026.

Aging of Customer Opening Balances

edited Jun 2, 2025 2:44PM in Ask A Guru 10 comments

I am doing a fresh implementation of NetSuite at our company (they have been using NetSuite for 5 years, but NetSuite Professional Services screwed up and failed the initial implementation twice 5 years ago, and they had a consultant come in to try to rehabilitate the second failure, but the state of the system was still so poor when I cam in, I had to recommend a fresh start).

We have decided on a cutover date of 1 January 2025, which coincides with the fiscal year start. My recommendation is to import opening customer (A/R) and vendor (A/P) balances as of 1 Jan 2025 using the closing balances as of 31 Dec 2024 (

Pierre J.-L. Plourde
IT Manager/NetSuite Administrator
Peak Performance Products Inc.
e: pierre@pppinc.ca
t: 416-674-7325 ext. 1029
c: 905-439-7645
f: 416-674-7326
w: www.pppinc.ca
6956 Columbus Road, Mississauga, Ontario L5T 2G1

Oracle NetSuite Certified—ERP Consultant
Oracle NetSuite Certified—SuiteCloud Developer II
Oracle NetSuite Certified—Administrator
Oracle NetSuite Certified—SuiteFoundation
Oracle NetSuite Certified—Financial User
Oracle NetSuite Certified—SutieAnalytics User

Tagged:

Howdy, Stranger!

Log In

To view full details, sign in.

Register

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

Leaderboard

Community Whiz

Quarter 4 (Oct-Dec 2025)

This Week's Leaders

This Month's Leaders

All Time Leaders