Author: Vishnu Mohan

If a NetSuite Account has existing transactions, the historical Transactions Process must be run before activating Secondary accounting books. The various process methods involved in it are. Delete Transactions – This option removes the general ledger impact of historical transaction processing. This option is available for both pending and inactive subsidiaries in accounting books. Process… Continue reading Historical Transactions Processing and Processing Methods

The Extended Accounting Period Close Process feature permits  to process and modify the accounting result of one book without impacting other books. You are not required to individually close accounting books. You can continue to close all of your books at the same time. To enable Extended Accounting Period Close Process: 1. Go to Setup… Continue reading Accounting Book Period Close Feature

Global Account Mapping: For transactions that enable the user to select the account on the transaction form, use global account mapping to configure secondary accounting books to post to accounts different from the primary book. Go to Setup > Accounting > Multi-Book Accounting > Global Account Mappings. In the General field group, complete the required… Continue reading Types of Mapping In Multi Book Accounting

Multi-book accounting provides the ability to maintain multiple sets of accounting records based on a single set of real-time financial transactions. This enables businesses to support different managerial and regulatory compliance needs To enable the Full Multi-Book Accounting features: Go to Setup > Company > Setup Tasks > Enable Features. Click the Accounting subtab and locate the Multi-Book… Continue reading Multibook Creation

DASHBOARDA dashboard is a summary of tabbed pages in your NetSuite user interface. This consists of a home page and pages according to your NetSuite role. Your dashboard data is dynamically displayed in portlets and provides direct accessinto raw data, KPIs, trend graphs, chart-based work-books, and reporting. You can create a unique dashboard set up… Continue reading Dashboard and Portlets

NetSuite features extensive calendar capabilities; you may use these calendar portlets to coordinate projects internally, as well as track employee usage and eliminate the need for an external scheduling system. These calendars can be shared with your team, and permissions can be granted to specific groups or employees. You can add multiple portlets, select the… Continue reading Calendar Portlet

Standard Role: By default, standard roles will be offered, and they will not be customised. Custom Roles: If normal roles are unable to meet your requirements or provide the necessary rights, you will need to develop custom roles to meet your needs. To create a new custom role: Go to Setup > Users/Roles > Manage Roles >… Continue reading Creation of Roles and assigning Permissions

The Accounts Receivable (A/R) Aging Report shows you how much you’re owed (unpaid invoices, statement charges & Credit Memos) at any point in time by each of your customers.  A/R Report includes the following sections: Customer. Transaction Type: Below mentioned transactions are Involved in ‘A/R Aging’ report                    … Continue reading Accounts Receivable (A/R) Aging Report

A warehouse to Transfer is used to ship products from one area to another. When using Multi-location to transfer inventory, the items are “From location” decreased and “To location” increased. To be moved, the items must be available in on-hand inventory. The items are delivered to the destination location and counted in that location’s inventory.… Continue reading Creating Transfer Inventory

Memorizing transactions helps the user to keep track of transactions on a regular basis, based on the frequency that the user has set. Memorizing a transaction will make it easier for the user to enter data and set it as a remainder. The following transactions can be memorized. Write Checks Purchase Order Sales Order Invoices… Continue reading Memorize Recurring Transactions