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Full Year Trial Balance Opening Balance for Profit and Loss Accounts not Zero

in Ask A Guru 12 comments

Hi All

Is it normal system behaviour Trial Balance Opening Balance Dec 2022 for Profit and Loss Accounts is not Zero when Default Financial Year End date is 31 Dec?

But there is no need to run any Year End process in NetSuite.

How to generate the correct Trial Balance to show Opening Balance 31 Dec 2022/1 Jan 2023 for Profit and Loss Accounts to be Zero but Balance Sheet Accounts with Cumulative Value?




Kedalene Chong

Thanks for your guidance.

Kedalene Chong

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