157 results total
Browse practical NetSuite answers in Accounting & Financial Configuration, filtered by topic, audience, and difficulty.
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NetSuite utilizes the Customer Deposit feature to manage prepayments, deposits, and retainers. These funds are initially recorded as a liability and subsequently applied to customer invoices when services…
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NetSuite does not natively support directly allocating tax amounts to a specific expense account on a vendor bill. This is not a standard NetSuite option. Workarounds include manually…
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NetSuite does not natively support direct application of customer payments to invoices in a different currency. This process typically requires workarounds, often involving journal entries, to reconcile the…
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NetSuite transactions can automatically apply body-level segment classifications to line items. This occurs when line-level classification is enabled in your NetSuite features, and the specific transaction form being…
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To apply externally managed gift cards as payment in NetSuite, a custom workaround involves creating a "dummy" NetSuite gift certificate. This dummy certificate, generated via an invoice with…
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NetSuite facilitates the addition of late payment charges through its 'Statement Charge' transaction. To implement this, users must navigate to Transactions > Sales > Create Statement Charges and…
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NetSuite company-wide preferences are configured under Setup > Company > General Preferences. Administrators can set default options for all users and determine if users can override these settings.…
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To audit currency exchange rate changes, use a System Notes Saved Search with 'Field Exchange Rates' criteria or consult the dedicated 'Currency Exchange Rate History' page. Prevent unauthorized…
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NetSuite users can calculate and display credit and debit subtotals on Journal Entry records without scripting. This involves creating two saved searches to sum credit and debit amounts,…
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NetSuite users must weigh the reliability and inherent reporting capabilities of standard segments (Department, Class, Location) against the enhanced flexibility and customization options of custom segments. Standard segments…
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NetSuite automatically clears residual base currency balances in foreign currency accounts during the month-end closing process. The "Revalue Open Currency Balances" function posts an adjustment to the "Unrealized…
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While an account's currency generally cannot be changed after transactions, it may be possible to clear the currency for account types where it is not mandatory. This specific…
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