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NSC | Bank Feeds Import Fails > Basic troubleshooting and other factors to consider
The Bank Feeds SuiteApp is designed to streamline your financial management processes by automatically generating posting transactions based on the imported bank and credit card data. This automation is guided by user-defined criteria, ensuring that transactions are accurately categorized and recorded without the need for…
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We may bid on fed contract that requires DCAA compliance for acctg system. Anyone have advice?
Our current set up in Netsuite financials is for a SaaS company. We may bid on a federal contract that requires DCAA compliance (costs categorized as fixed cost, indirect costs, etc). Is there anyone with advice on how to add this additional reporting requirement to our instance of Netsuite?
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WATCH: Create Allocation Schedule for Allocation Using Multi Step Expense Allocation
Here's a quick video demonstration on Multi Step Allocation
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NSC | How to Use A Journal Entry to Update Customer Balance
Scenario: The user tried to remove a customer balance $20 using a manually created journal. However, upon saving the Journal, the balance remains unchanged. Solution: When using a manual journal entry to offset a customer balance, the system requires a reference to the customer in order to apply the amount correctly. If…
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NSC | Is it possible to delete a Fixed Asset that is Depreciating?
Scenario: The user is attempting to delete an asset named "Laptop - Finance Dept", which has been depreciating for several periods. The Current Net Book Value is $500, and the asset has a status of Depreciating. The user is unable to delete the asset because it is active for depreciation. Solution: Before proceeding, make…
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NSC | Import FAM Alternate Depreciation > Resolve Error: Field not Mapped / Empty
Scenario: The user is attempting to update an existing FAM Alternate Depreciation record via CSV Import. During the import process, However the system returns the following error message: Could not find matching record. Primary name field was not mapped or is empty. This error indicates that the system could not identify…
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NSC | Reconcile Account Statement > Resolve Incorrect Reconciled This Statement Balance
Scenario: Assume the User is reconciling the bank account "Corporate Checking" for the period ending April 30, 2025. When opening the Reconcile Account Statement page and entering April 30, 2025 as the Statement End Date, the User notices that the Reconcile This Statement field shows an inflated amount of $250,000, whereas…
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NSC | Create Invoice > Error on Tax Agency and Subsidiary
Scenario: The user is creating an invoice for Subsidiary ABC, and selects a Tax Code that uses Tax Agency California Tax Board. However, upon saving the invoice, the following error appears: No tax agency defined for subsidiary: subsidiary ABC is not linked to nexus California This error typically occurs when the selected…
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NSC | FAM > Resolving Error During Asset Disposal: Asset Current Cost
Scenario: The user wants to write off a fixed asset named "Obsolete Machinery" with no expected sale value. When attempting the disposal transaction at Fixed Assets > Transactions > Asset Disposal, the user receives the error message: USER_ERROR: The amounts in a journal entry must balance. Solution: This error occurs when…
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NSC | FAM > Resolving Error During Asset Disposal: Classification
Scenario: When attempting to dispose of a fixed asset, the user encounters the error message below: USER_ERROR: Please enter value(s) for: Class / Department" This error occurs when the Class / Department field is set as a mandatory field on the Journal Entry form, but no value is entered during the disposal process. The…