Financials – Page 13 – knowledgebase JJ

Foreign currency deferred revenue discrepancies in Legacy Revenue Recognition

Billing a sales order and recognizing the revenue from that sale can happen at different times and at different foreign currency exchange rates if multiple currencies are involved. If foreign currency rates differ at the time of billing and revenue recognition, an adjustment is required at the end of each financial period to align the… Continue reading Foreign currency deferred revenue discrepancies in Legacy Revenue Recognition

Changing the invoices to backdate periods

invoice_posting period_change

Customized list view of record types

customized list view of record types

Setting up Budgets in NetSuite

It provides an estimation of expenses for a specific period of time and can help provide visibility for financial planning. Users’ ability to select and define accounts that are needed for their budgets and provide expense and income statements over a set period of time. It’s easy to set up a new budget in NetSuite… Continue reading Setting up Budgets in NetSuite

Year Wise Report

JIRA: PCIC-716 Scenario: When client run the report by the year(column) filter, it shown the year column wise report, but the the year are shown in the columns are not in the date filter we have selected. For example: Date filter selected from Jan 1 2019 to Dec 31st 2021 and column filter were selected… Continue reading Year Wise Report

Remove some depreciation from report instead of deleting from asset summary report

depreciation_fixed asset_summary report

System logic behind the listing of bills in asset proposal page

fixed asset_asset proposal

Solution for restricting a bill from eft payment process

restricting bill from eft payment process

Limitation of India tax bundle in creation of journal entries.

QG-79 In the scenario of QIMA,there will be unapproved PO’s at month end which causes an inaccurate expense report.They are processing PO outside NetSuite because of the managerial delay in approving the PO to bill and they are getting invoice from the vendor too.The secnario demands the Gl impact of bill and at the same… Continue reading Limitation of India tax bundle in creation of journal entries.

Category: Financials