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NSC | ARM > Journal Entry > Revenue Recognition Rule is Greyed Out
Here's something basic that you might miss when creating Revenue Elements through a Journal Entry. The Revenue Recognition Rule will be greyed out if the user selects a Deferred Revenue Account instead of an Income Account on the journal entry line. Take note that the Deferral Account will be selected on the Income Account…
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Request for Advice: Correcting Discount Entries Impacting Item Margins
Hi All, I am seeking advice and best practices regarding an issue we recently encountered. Our sales reps have added discount amounts as line items in some sales orders, rather than applying them as header-level discounts. While the discount amounts are accurate, entering them at the line-item level has caused the margin…
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Enable Multiple Accounting Periods
Hi Everyone, We have currently set up five subsidiaries in different currencies, with the accounting period configured from January to December. However, we have identified the need to adjust the accounting period for one subsidiary to align with the April to March fiscal year. Please note that we have transactions…
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How to strip out the revaluation done on the Production through Sandbox account?
Would this idea work for NetSuite Sandbox? We're looking to keep a set of constant currency books. We've been seeing major swings in profitability due to FX change overseas. We'd like to be able to strip that out and see how we are performing, in a set of side books. An idea is to use a Sandbox account for that. Copying in…
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Balance Sheet Report Generation > Performance
Hi,I've been using NetSuite for two years now. We will continue to use NetSuite, but the information in our balance sheet reports will continue to grow. Then, due to information overload, it takes a lot of time just to open the report. This will interfere with operations. How do you operate it? NetSuite's balance sheet…
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AE:Accounting Periods > Set up 5-4-4 Week
Hi NetSuite Community, Has anyone setup a 5-4-4 Week date pattern in NetSuite and if so please can you give some advise and share how you set this up. Thank-you, Tracy
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How to change from current Fiscal year to a calendar year.
Hello Team, A NetSuite customer urgently wanted to change from their current Fiscal Year, which is October-September, to a Calendar Year. To accomplish this, they need to be able to have this current year go from October 2021 through December 2022. How do they accomplish this in NetSuite? Basically, they would have 15…
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Close process of eliminate intercompany transactions-failure, error message
Error msg: Trying to pinpoint what transactions are triggering the error as we have multiple transaction and GL accounts in foreign currencies.
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Project Search Filtering
Is there any clever way to filter out Projects by customers that are duplicated. I am trying to create a simple search of customers that we haven't done work with in the last 6 months. So if we did work with Customer A in 10/10/20 and then a recent project with them, I'd like them removed from the list.
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Amortization Journal Entries posting incorrectly
Hello When I created Amortization Journal Entries for my prepaid license account, not all of the entries posted to the prepaid account. These are Amortization Schedules that have been in the system since January, so they posted correctly in the prior months. The ones that were created through a vendor bill posted correctly…