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Join us for complimentary one-day events around the world and step into a future fueled by AI and limitless potential. Explore new breakthroughs, sharpen your skills, and connect with experts who are shaping what’s next. Experience bold keynotes, interactive learning, and connections that span the global NetSuite community. Discover what's next at SuiteConnect Tour 2026.
NetSuite launches new wholesale distributions solution in Japan in January 2026!
NetSuite has launched SuiteSuccess Wholesale Distribution Edition, in Japan. Please join us the webinar on February 12 that introduces NetSuite solution with demos and case studies for Wholesale Industry.
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NetSuite has launched SuiteSuccess Wholesale Distribution Edition, in Japan. Please join us the webinar on February 12 that introduces NetSuite solution with demos and case studies for Wholesale Industry.
Register Now
NetSuite 2026.1 Release Notes - This document summarizes the changes to NetSuite between 2026.1 and the previous release.
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Have questions or experiences to share? Post your Release 2026.1 questions and join discussions in the Release 2026.1 category.
Why Amortization Journals run in different accounting periods on the IFRS vs Local GAAP books
Hello.
For journal entries for Prepaid T&E posted in Nov/Dec 2025 to reclass related expenses from 2025 to 2026 with amortization start-/end-dates of Jan 1st/31st respectively, for the IFRS books, NetSuite configured the amortizations' POSTING PERIOD as Jan 2026 but for the (US) Local GAAP books, NetSuite configured the same JEs' amortizations' POSTING PERIOD as Dec 2025
What is causing this to occur?
- Is it merely a “glitch” ?
- Is there a difference in accounting for event-related prepaid expenses in IFRS vs US GAAP that is being applied by NetSuite in the background tied to the GL/track code/other? (i.e., IFRS requires that event expenses be recognized in the period during which the event occurs, but does US GAAP require that event expenses be recognized as incurred?
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