Hi Jayben Fung Yes, that’s a recommended approach. After confirming the trial balance, you can post a Journal Entry to move the net balances into the appropriate equity accounts, such as Retained Earnings. NetSuite does not allow locking a single account, but you can close prior accounting periods to prevent backdated…

Hi Jayben Fung Yes, in addition to using the “Enter Opening Balances” page, you can record opening balances through a Journal Entry (JE). This method is widely used when you want to ensure your accounts start off fully balanced. A JE follows the double-entry accounting principle, where every debit has a corresponding…

Hi The ability to add department and location-wise account balances in 'Enter opening balances' page is currently logged as a NetSuite enhancement in the voting stage [#71296] It would be suggested to use Journals for the TB open Balance import rather than 'Enter Opening balances' option if we wish to include location and…

Hi, NetSuite processes positive inventory adjustments first and negative adjustments last when they occur on the same date. If a negative adjustment must precede a positive adjustment, assign different dates to the transactions (refer to SuiteAnswers #28147). Resolution Steps To comply with this rule, the date of the…

Hi Vishnu Raj What is the error you're facing when attempting to create PO? Also, is the HSN/SAC code inputted in the line level and the Default vendor tax reg number selected under the Tax details subtab? India localization bundle supports GST calculation in the PO level provided the relevant details and GST rule…

Hi Jam Amper-Oracle All the recommended steps were followed, yet the issue persists. At the time of saving the transaction, the cost appears accurate. However, after cost recalculation, the negative line estimated unit cost changes, which impacts both COGS and the Inventory Adjustment account. The items involved are…

A. Pending Accounting Approval

Hi Aly Magpantay-Oracle Yes, we have checked the date range of the report and the issue still persists. Thank you

Hi Chelsea Jacobs In the Generate Report page, we have the Asset Register as option in report type. This is standard functionality and NetSuite considers this report as the Asset Register standard report. The include in Reports option is linked with this report rather than the saved search. Thanks

Hi User_WA9MO Could you confirm if Role A has been assigned the necessary Fixed Asset Management and custom record permissions? If Role B can edit the depreciation start date, you can use the ‘Show Role Differences’ feature to identify which specific permission needs to be granted to Role A. Thank you

Hi Chelsea Jacobs As per SuiteAnswers #104355 - Creating Asset Records Manually, "Include In Reports – Check this box to include the asset in the Asset Register and Asset Summary Report. By default, all assets are included in the report." Also the Asset Register report is FAM module report generated from Fixed Assets >…

TRUE

Hi Chelsea Jacobs Why are the assets with 'Include in reports = False' setting being shown in the Asset register? Thank you

C) Revenue element

Hi Mich, It has been cited in limitations of SuiteTax that NetSuite CRM product is incompatible with SuiteTax. Are there any alternate SuiteApps or Modules available for SuiteTax accounts to counter this limitation? Thanks in advance

Hi Angela Bayliss The intercompany JE needs to be in INR since the bank account is an INR account. The invoice is in USD. Hence when trying to apply the JE to the invoice, we will not get the invoice and the JE together since both the currencies are different. When we select USD, the invoice will be shown and JE will not…

Hi Bry Cabria-Oracle We have no issues on the checkout page. When we place an order on the website, it creates the order in NetSuite with the correct shipping cost. I then changed the item quantity in the order in NetSuite to exceed $250. For the shipping item, I configured the "Free if total order is over" feature to set…

B) Formula

Hi @Sakshi_Garg The nexus distribution was enquired in the context of GSTR reports wherein nexus plays the role of tax location. Also, we have ClearTax integration in the mix. Thank you

Hi @Sakshi_Garg Doing so will not distribute the ITC from nexus to nexus as there is no nexus column in journals and even if there were custom ones created, it would not have accounting impact nor would the same be reflected in any of the tax reports. Thank you

Hi User_U3OMA When two subsidiaries are merged and one is closed in NetSuite, equity accounts such as Additional Paid-In Capital, Retained Earnings, and Cumulative Translation Adjustment often retain balances because they represent historical equity activity. It is not recommended to zero out these balances manually at the…

Hi @Sakshi_Garg I have already created separate nexus for ISD and the related configurations. However, my query is how to distribute the ITC from the ISD nexus to other nexuses as this is the main functionality of the ISD registration. Thank you

D. When Sales Order Gets Approved, Auto-Change Subscription Status to ‘Pending Activation’

B. Custom List

Hi User_Q1DPO In NetSuite, the Memo field on an Item Receipt does not automatically inherit the memo from its related Purchase Order by default. However, this functionality can be implemented using either a Workflow or a SuiteScript customization. A workflow approach allows you to configure a rule that sets the Item…

Hi User_ZMPB4 The ability to have System Notes on Amortization Schedules is currently logged as NetSuite enhancement in the voting stage [#466661]. Additionally, the ability to create Saved Amortization Template Search to pull up System Notes is also an enhancement [#543987]. Thanks

Hi, It was identified that the issue stemmed from the permission of the segment assigned to the role, which had its record access level set to "View". As a result, the segment column was not visible in the Expense Allocation Schedule for that role. When an Expense Allocation Journal Entry was created using this role, the…

C. Field Groups

Hi User_BD08X Is the custom segment shown in Global Search? If yes, what is the navigation shown there? Thank you

@Sakshi_Garg You've played a key role in clarifying many doubts — thank you for your valuable input. Your contributions make you a standout candidate for the Q4 2025 Community Choice Award.