157 results total
Browse practical NetSuite answers in Accounting & Financial Configuration, filtered by topic, audience, and difficulty.
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NetSuite's auto-generated number reset functionality may not revert to 0, often incrementing from the current number. For OneWorld accounts, the "Use Subsidiary" checkbox on the Auto-Generated Numbers screen…
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To implement bonus depreciation with declining balance methods in NetSuite, create a custom depreciation method. Define the initial bonus depreciation formula, set the 'End Period' to 1, and…
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NetSuite provides a 'Default Payment Account' preference for customer-related transactions like Cash Sales, Customer Payments, and Customer Deposits. For vendor transactions, a 'Default Vendor Payment Account' preference is…
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NetSuite's Alternate Sales Amount (ASA) field allows commissions to be calculated based on booking or collection values, rather than just billings. This option, when enabled, provides flexibility for…
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NetSuite does not store CCV2/CSC numbers for PCI compliance but allows processing transactions without them. Merchants can configure Credit Card Verification (CSC) Rules within Payment Processing Profiles to…
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NetSuite's decimal precision for currencies is generally hard-set based on the currency itself (e.g., USD uses two decimals, JPY uses zero). While the 'Number Format' preference controls display,…
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A non-zero Intercompany Receivable/Payable balance in a closed period occurs when the Intercompany Elimination Journal Entry lacks its linked Reversal Journal Entry for the next month's first day.…
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To correct fixed asset errors, first delete associated posting journals and depreciation history records. Invalid assets can then be deleted. For valid assets, manually reset the Net Book…
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To correct 'Subaccount of' assignments on the NetSuite Chart of Accounts, the field must first be programmatically set to NULL. Following this initial update, a subsequent programmatic update…
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Memorizing transactions in NetSuite requires 'Create' permission for the relevant transaction type, such as Cash Sales. 'View' permission is insufficient because this action is equivalent to creating a…
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To generate NetSuite invoices without immediate General Ledger impact, activate the 'Invoices' approval routing preference under Setup > Accounting > Preferences > Accounting Preferences. This allows invoices to…
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Yes, NetSuite enables customization of existing currency names. Users can navigate to Lists > Accounting > Currencies, select the desired currency record, and update its name field. This…
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