157 results total
Browse practical NetSuite answers in Accounting & Financial Configuration, filtered by topic, audience, and difficulty.
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NetSuite does not allow direct application of credits from one customer account to an invoice associated with a different customer account. To bridge these transactions, a Journal Entry…
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To auto-approve integration, amortization, and depreciation journal entries, modify the NetSuite Journal Entry Approval workflow. Implement specific transitions from the "Initiation" to "Approve" state, ensuring correct execution contexts…
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No, it is not possible to add custom items or tasks to the NetSuite Period Close Checklist. This checklist is a standard, system-defined feature within NetSuite, designed to…
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NetSuite Journal Entries do not include a 'Billable' checkbox for direct customer invoicing. To properly track and invoice billable expenses to customers, it is recommended to utilize Vendor…
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Yes, most native NetSuite accounts can be renamed for clarity, provided their original purpose remains unchanged. However, system-generated accounts like Undeposited Funds and Customer Deposit are hardcoded for…
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NetSuite's standard rebillable expense process is designed to transfer a known accounting impact from a vendor bill to a customer. Therefore, it is not possible to directly rebill…
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The native NetSuite Period Close Checklist's core actions and triggers are not directly extensible. However, its content can vary with the 'Extended Accounting Period Close Process' feature, especially…
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Yes, it is possible to use the Electronic Bank Payments functionality in a single-instance (non-OneWorld) NetSuite account. The 'Standard Electronic Bank Payments' or 'Basic Bundle' can be installed,…
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NetSuite can be configured to meet IFRS requirements, supported by its SSAE18 certification and ISAE 3402 alignment. This involves proper accounting settings, accurate transaction recording, and customized financial…
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When line items are added directly to a NetSuite Invoice or Bill without being linked to an existing Sales Order or Purchase Order, they automatically impact inventory. This…
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In NetSuite, a drop ship order does not generate a Cost of Goods Sold (COGS) impact, even when an inventory item is used. The primary posting impacts are…
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NetSuite automatically formats phone numbers based on system-wide preferences. Users can review and modify these formatting rules by navigating to Setup > Company > General Preferences. This allows…
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