330 results total
Browse practical NetSuite answers in Finance/accounting team, filtered by topic, audience, and difficulty.
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Once the Cumulative Translation Adjustment (CTA) section is removed from a customized NetSuite OneWorld financial statement, it cannot be re-added. NetSuite considers this an enhancement request, not a…
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NetSuite's Vendor Bill Matching section uses 'Tolerance' (a percentage difference) and 'Difference' (an absolute value). Tolerance flags bills if the item receipt amount exceeds a set percentage of…
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The Post Time transaction debits the Project Expense account and credits the Project Cost Variance account. For intercompany scenarios, an advanced intercompany journal reverses the initial entry in…
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The appropriate GL account type for intercompany AR and AP in NetSuite depends on their primary function. For elimination purposes, use A/R and A/P account types. If they…
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When transitioning a NetSuite subsidiary to a new fiscal calendar, it is imperative to avoid using a 'manual close' for year-end Profit & Loss balances. Relying on manual…
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Positive Pay is a fraud prevention service where an organization sends a file of all issued checks to its bank. The bank then only clears checks that match…
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For historical GL data imports, the best practice is to import a Year-to-Date trial balance only for the initial conversion period. For subsequent periods, post only the net…
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In NetSuite, Sales encompasses transactions posting to Income and Deferred Revenue accounts from the Sales by Customer report. Income represents the total of Income and Other Income accounts…
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Changing the location on a NetSuite invoice has significant implications. It directly alters the General Ledger (GL) impacts, as GL entries are tied to specific locations. Additionally, for…
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NetSuite supports up to 10,000 lines for journal entries when imported via CSV. However, users may experience significant performance degradation in the NetSuite user interface when working with…
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While the Unified Chart of Accounts (UCOA) offers a general framework for non-profit accounting, NetSuite's current recommended approach for its platform focuses on utilizing native dimensional accounting features,…
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The Cumulative Translation Adjustment (CTA) account is a special chart of accounts entry in NetSuite OneWorld for multi-currency. While CTA handles general currency adjustments, intercompany eliminations often post…
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