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.
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
How does "Month End Close Tasks" work for Migrated Historic Periods?
Hi Gurus!
I have a question please as to OneWorld in the context of migrated periods.
Simplified scenario:
- A company has 2 subs. It migrates from a different ERP to NS.
- Opening balances are as of August 1. We add the net change for August. Cutoff is August 31.
- Company goes live in NS in September and will do a regular month end close in September.
Question:
- How does "month end close" look in this scenario for "August"?
- For example, do we need to do any month end tasks?
- If not, will NS know how to properly eliminate I/C balances between subs and revalue any open AR/AP that may be in foreign currency?
0