ANS-1115 · ACCOUNTING & FINANCIAL CONFIGURATION
How to Retag Journal Entries to a New Account in NetSuite?
Learn the two primary methods for reassigning journal entries to a different general ledger account, depending on whether the accounts can be merged.
Short answer
Retagging journal entries to a new account in NetSuite depends on the account type. If accounts are compatible, use the Merge function directly on the account record. Otherwise, adjust balances via a new journal entry or a CSV import. This ensures financial data accuracy and proper GL classification.
Scenario
Users often need to reclassify existing journal entries to a different general ledger account. This situation typically arises when an incorrect account was initially used, or when an organizational change requires a re-categorization of financial transactions. The method for re-tagging depends on the nature of the new account.
Solution
There are two primary scenarios for retagging journal entries to a new account:
If the new account is the same type or in the same family, the two accounts can be merged together. This is accomplished by using the Merge function directly on the account record.
If it is an account which cannot be merged, then a journal entry or CSV import will need to be done to adjust the balance.
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