When working with financial data in NetSuite, there are certain changes that impact the General Ledger (GL) and others that do not. In many scenarios, especially for accounting purposes, it's necessary to update transactions without affecting the General Ledger. This process is known as allowing non-GL changes.
Tags: NetSuite, ERP, Reporting, NetSuite Partner, NetSuite How To's, NetSuite Tips, General Ledger, Non-GL Changes, Accounting Preferences, Financial Data Management
With the new year beginning and accounting teams working busily to close the prior year financials one of the biggest errors we see is offsetting journal entries stuck on your A/P Aging report. If you are posting offsetting journals that post to your Accounts Payable transaction without first adding an “A/P Clearing Vendor” you might be asking how to clean up your reporting. Below we will walk you step by step on how to clear up your A/P Aging and remove these transactions entirely.
Tags: NetSuite, ERP, Reporting, NetSuite How To's, Accounting, Financial, General Ledger, GL, Accounting Periods, Transactions, Journal Entry, Transaction Lines, Financial Report, Accounts Payable, AP Aging
In a previous blog we explored Netsuite Purchase Request vs. Purchase Requisition. In this blog we’ll explore the complexity of chart of accounts redesign. We provide some tips and learnings from a previous chart of accounts redesign project.
Tags: NetSuite, Accounting, Segmentation, Financial, COA, General Ledger, Chart of Accounts, GL
