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SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Register now
Join the NetSuite community to innovate, connect, and discover what’s next.
SuiteWorld brings thousands of innovators, builders, and leaders together to learn, connect, and shape what’s next. This October, explore how to build a stronger foundation for growth through inspiring keynotes, major product reveals, hands-on sessions, and unforgettable moments—all in one place for our biggest event of the year. Register now
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?
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