1. View cash projections for other active subsidiaries, including consolidated subsidiaries: Users now have the capability to access cash projections not only for the primary subsidiary but also for other active subsidiaries, extending to consolidated subsidiaries. This enhancement provides a more comprehensive and consolidated view of cash positions across various business entities within the organization.… Continue reading Cash 360 Enhancement NetSuite Release 2023.2
Tag: account
Submit FedEx Shipping Account Registration shows Notice: Invalid Billing Address
User receives an error: “Invalid Billing Address” upon submit of Fedex Account Registration page. The error indicates that the address entered in NetSuite under Setup > Accounting > Shipping is not what FedEx has on file for the account registered for the user. Typically, this is caused by having two addresses: one for billing and one for shipping.… Continue reading Submit FedEx Shipping Account Registration shows Notice: Invalid Billing Address
PART 2.5 – GL Impact Account Setup of each transaction
Transactions Debited Account & Setup Credited Account & Setup Opportunities No GL Impact No GL Impact Estimates/ Quote Estimates – Non PostingDefault Account IncomeItem Record or Accounting Preferences Sales Order Sales Orders -Non PostingDefault Account IncomeItem Record or Accounting Preferences Item Fulfillment Cost of Goods SoldItem Record or Accounting Preferences AssetItem Record or Accounting Preferences… Continue reading PART 2.5 – GL Impact Account Setup of each transaction
PART 2.4 – Managing account balances
Entering Opening Balances The opening balance for each general ledger account is the amount in the account when you first start using it in NetSuite. The date of the opening balance is included on each account record. After an opening balance has been entered for an account, that account can be used in NetSuite transactions. … Continue reading PART 2.4 – Managing account balances
PART 2.3 – Creating/ Editing an account
Go to Setup > Accounting > Manage G/L > Chart of Accounts > New. Enter general account information: If you are using account numbering, enter an account number. Account numbers can be alphanumeric with a maximum of 60 characters. Enter a name for this account. This name appears in the chart of accounts list, on transactions lists,… Continue reading PART 2.3 – Creating/ Editing an account
PART 2.2 – What naming conventions do you want to use for accounts?
When naming accounts in NetSuite, it’s important to follow best practices to ensure that the accounts are easily understood and consistent across the chart of accounts. Here are some naming conventions that you can follow (best practices) for accounts in NetSuite: Use descriptive names: Use standard account type names that clearly describe the account, such… Continue reading PART 2.2 – What naming conventions do you want to use for accounts?
PART 2 – Chart of Accounts
Current Assets: Current Asset accounts are accounts that represent assets that are expected to be converted to cash within one year or one operating cycle, whichever is longer. These accounts are important for businesses to manage their short-term liquidity and cash flow. Cash and Cash Equivalents: This account represents cash on hand, bank deposits, and… Continue reading PART 2 – Chart of Accounts
Dynamic account columns using Workbook
Requirement: In the report, all columns are static in the saved search and not dynamic. The client would like to show the account columns which are related to the transactions in the report. This means that only the columns having an amount is to be shown in the report as columns. Solution: Go to Analytics… Continue reading Dynamic account columns using Workbook
Entry should not be allowed in “Parent Account”
Requirement: The transaction entries should be posted only in the child account, not the parent account. Solution: Step 1: Go to Setup -> Accounting -> Chart of Account -> Edit the chart of account record. Step 2: Check the Summary field on the account record. Step 3: Click Save.
Check the account type
/** * @description Functions from N/config module encapsulated * @type {{isProduction(): boolean}} */const configFunction = { /** * To know whether the account is Production Environment or not * @returns {boolean} true when account is Production, false in all other scenarios */ isProduction() { var companyInfo = config.load({ type: config.Type.COMPANY_INFORMATION }); var ns_companyid = companyInfo.getValue({… Continue reading Check the account type