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General Ledger > Income Accounts have Opening Balances

edited Sep 15, 2020 11:43AM in Ask A Guru 6 comments

Hello Netsuite Guru,

In Netsuite we have closed Accounting period and Netsuite posted Period end journal entries for Income and expense accounts and Retained earnings is looking perfect. For the next beginning year the Opening balances should be Zero for Income and Expense accounts but in my scenario the balances of Income and expenses accounts are getting carried forward to next year.

I need to solution to make the Income and expense accounts opening balance to Zero for the beginning of year.

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