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Base Currency Adjustment
Hello, My customer have the base currency SEK, and a bank account in NOK. They receive a big payment each quarter which they exchange some days later into SEK. Since the amount it Received 24.000.000 NOK exchange rate 0,9668 Selling 24.000.000 NOK exchange rate 0,970095 NOK Balance = 0 of these two transactions, SEK…
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Cumulative Translation Adjustment Elimination G/L Account not Zero
Hi All How to study Cumulative Translation Adjustment Elimination G/L Account not Zero after May 2023? Is this normal system behaviour or mistake in accounting entries? I am totally lost in Consolidation and Elimination topics. Hope you can help me improve my knowledge to next higher level. Kedalene Chong
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Incorrect Retained Earnings in Trial Balance with Opening and Closing Balances
Hi All We have followed the steps described in Suite Answer 73701. https://suiteanswers.custhelp.com/app/answers/detail/a_id/73701/~/create-opening-and-closing-balance-column-for-the-period-amount-in-the-trial…
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Foreign Amount Different at Expense Report
Hello, Good Morning ! I am using the multi currency at expense report, but I face that GL Impact's amount and Summary amount aren't tally as below screenshots. Thank You Everyone! Honey.
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Financial Reports: Please Guru recommend on how to create Income Statement with %Compare to Income
Please anyone know how to create an income statement with %comparison to all income like as the following picture:
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Unplanned deferred revenue
Hi Guru, We have a large amount of unplanned deferred revenue, coming from invoices and sales order which were copied, but therefor did not get a seperate revenue arrangement. So these documents remain stuck on the deferred revenue under "unplanned deferred revenue". How can we solve these? Thanks! Sven
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Amort Schedules and Rev Rec in Multi-Book
Hi everyone, How are active Amortization Schedules and Rev Rec Schedules managed during the set up of the secondary book. My understanding and assumptions - Amortization schedules - As part of HTP the source transactions for active schedules are created and new amort schedules posted against them. past dates are closed off…
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Freelancer cost on Projects best practice
Hello guru's, We use the projects & services module within NetSuite for our own software development projects. For these projects we use internal employees and freelancers. I'm searching for way to deal with the costs/hours of the freelancers on these projects: Should a freelancer be a vendor with the option 'Project…
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"SetTaxable" is not defined on Finance Charge/Invoice
Hi All, After we create finance charge transaction (Similar to Invoice), and we try to view or edit the transaction, we get the following error: ReferenceError: "SetTaxable" is not defined. (NLRecordScripting.scriptInit$lib#7092) I tried to undeployed all the scripts but it is still reproduce. How can I find this…
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Customer profitability - revenue is actually reflecting amount invoiced instead of revenue recognize
I noticed for this client (they don't have ARM module, but manually creates JE to recognize revenue per customer), the amount showing for revenue is the amount invoiced, not the amount recognized. Per income statement, the amount recognized is $6712.51. I did not have this issue for a different client who uses ARM module,…