157 results total
Browse practical NetSuite answers in Accounting & Financial Configuration, filtered by topic, audience, and difficulty.
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NetSuite's 'Days Overdue' calculation is based on the server's PST timezone. This means that for users in other timezones, such as EST, a script or search running at…
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NetSuite calculates the average consolidated exchange rate on a per-subsidiary basis using the formula SUM(GL Impact x Exchange Rate)/SUM(GL Impact). This calculation considers only postings to accounts with…
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NetSuite assigns department values to GL impact based on transaction body fields, particularly for tax accounts. If a GL-impacting segment like Department is hidden on the line, NetSuite…
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NetSuite processes memorized transactions on their due date. The exact creation time varies by location, as the system checks for memorized transactions approximately every four hours. This mechanism…
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NetSuite's 'Void Transactions Using Reversing Journals' preference in Accounting preferences governs transaction voiding. When enabled, the Void button's behavior varies: disabled for Journal Entries, creates reversing journals for…
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The "Void Transactions Using Reversing Journals" preference controls how NetSuite handles transaction voids. When enabled, specific transaction types are voided via a reversing journal entry. When disabled, transactions…
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The Last Depreciation Period field, combined with other asset details, guides NetSuite's FAM module in calculating depreciation. It determines if catch-up entries are needed for under-depreciated assets or…
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The Account field on NetSuite Credit Memos only appears when multiple Accounts Receivable accounts are configured. Its default behavior for selection may vary based on system configuration and…
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Vendor bill variances do not directly affect inventory valuation in NetSuite. To ensure accurate inventory costing, identify transactions with variances using the 'post vendor bill variances' page. Then,…
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The Credit Card Processor field's default value in NetSuite is primarily determined by the "Preferred Credit Card Processor" field on the customer's record. This preference is stored directly…
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NetSuite allocation schedules distribute the *total* balance of source accounts to destination accounts based on weighted values. Although the core design allocates the full balance, NetSuite allows for…
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NetSuite classifies tax amounts on invoices by first checking for Department, Class, and Location (DCL) values on the main header. If DCL is not present on the header,…
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