ADJUSTING JOURNAL ENTRY

An adjusting journal entry is usually made at the end of an accounting period to recognize an income or expense in the period that it is incurred. It is a result of accrual accounting and follows the matching and revenue recognition principles. Generally, adjusting journal entries are made for accruals and deferrals, as well as estimates.… Continue reading ADJUSTING JOURNAL ENTRY

Automatically creates Fixed Assets from Vendor bill/ Journal

Scenario: Automatically create fixed assets from Bills/Journals when these records are created in Netsuite Solution: When a vendor bill/journal creates corresponding fixed asset records will be created automatically if the line count is less than 10. //JJ UE FA Automation QG-118.js //JJ CS Validations for FA Creation QG-119.js Vendor bill Example:

Performance Period Segment Automation

This proposal covers the automation of the performance period segment Proposal summary Automatically set values on the performance period segment upon journal creation. And also set the journals after creation using a scheduled script. Requirement  Automate the Performance Period segment selection on the transactions based on the Posting Period. Our Solution Action 1: Scheduled script… Continue reading Performance Period Segment Automation