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!
Load Open Balance vs Trial Balance Load
Hello Gurus,
This is an interesting topic & I am writing my understanding here. Feel free to comment.
When we load open balances, we follow the 2 below approach in sequence.
- Load Open Account Balance using Setup —> Accounting —> Enter Open Balance
In this case, we will load the balance left in the legacy system. We are getting the COA with initial balance from the Legacy application.
- Load Trail Balance using JE. Here, we will bring the TB and load into the system.
Is this the correct sequence?
Thanks & Regards,
~BN
Tagged:
0