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Discover new innovations across NetSuite with 2026 Release 2
■ NetSuite 2026.2 Release Notes
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■ NetSuite 2026.2 Release Notes
■ NetSuite SuiteApps Release Notes
■ NetSuite Sneak Peeks
■ Release Preview Guide
■ Release Preview Test Plan Template
Action Required: Review and submit pending reconciliation matches before the NetSuite upgrade to avoid rework. After 26.2, unsubmitted matches will be unmatched. For more details, see SuiteAnswers 1047397
Trial Balance - Account Type 'Equity'
I am trying to understand how figures on the Trial Balance report are derived (and I apologise, I am not an accountant).
We have an account of type 'Equity' called 'Dividends' - according to my Finance Manager this is meant to be the accumulated Profit for the company. He was told that we don't have to 'close down' each year in NetSuite (as he has in previous systems) and so he doesn't manually transfer the accumulated Profit from the closed year to the next.
This account shows with a value of over £2m in the Trial Balance report (which I assume is 'correct' as this is the figure the Finance Manager is expecting to see):
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