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.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.
Make Your Voice Heard: What Tech & ERP Topics Should We Explore in our Next Webinar?? We’re all ears! Vote now, and the poll runs until January. Poll for ERP | Poll for Tech.
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 2025.1 Release Preview account, review the topics outlined in the Release Preview Guide.
NetSuite Release 2025.1 Release Notes are available for download here!
New Subsidiary | Opening Balance and Other Best Practices
Scenario :
We have acquired an entity and will be bringing them in to our NetSuite instance as a new Subsidiary.
Seeking recommendations for best practices for bringing in that new Sub's opening balances.
We are working with Point in Time, and ideally our VP of Finance would like to bring the balances in with direct reference of where those balances are coming from.
Example :
Open/Aging A/P - Bring in the dollars to the GL, but also link to each of the Vendors who are owed those outstanding balances
Open/Aging A/R - Bring in the dollars to the GL, but also link to each of the Customers who owe those outstanding balances
Melissa
NetSuite Certified Administrator
0