NetSuite provides many accounting preferences that determine the flow of the accounting management user interface in your account. These preferences should be defined when your account is first set up. You can change most of them at any time. The user needs to have Set Up Accounting permission to set up these.
The accounting preferences that can be set depending upon the NetSuite product purchased and the features enabled for your account.
The following sections describe accounting preferences, grouped by the subtabs of the Accounting Preferences page where they are displayed:
1. General Accounting Preferences – The following types of preferences are available on the General subtab of the Accounting Preferences page: General Ledger, Accounts Receivable, Accounts Payable, Classifications, Revenue Recognition, Classic Revenue Recognition Only, Advanced Revenue Management Only, Amortization, OneWorld, Budget, Exchange Rate Integration.
2.Items/Transactions Accounting Preferences– The following types of preferences are available on the Items/Transactions subtab of the Accounting Preferences page: Accounts, Sales and Pricing, Charge-Based Billing, Inventory, Payment Processing, Other Transaction Preferences, Other Item Preferences.
3.Order Management Accounting Preferences – The following types of preferences are available on the Order Management subtab of the Accounting Preferences page: Sales Orders, Picking/Packing, Fulfillment, Invoicing, Drop Shipment, Purchasing, Receiving, Returns, Transfer Orders, Work Orders.
4.Projects Accounting Preferences – The following preferences are available on the Projects subtab of the Accounting Preferences page: Percent Complete Denominator, Budget Categories, Post Time.
5.Time & Expenses Accounting Preferences – The following types of preferences are available on the Time & Expenses subtab of the Accounting Preferences page: General, Time Tracking, Expenses.
6.Approval Routing Accounting Preferences – The following preferences are available on the Approval Routing subtab of the Accounting Preferences page: Expense Reports, Purchase Orders, Vendor Bills, Resource Allocations, Revenue Arrangements, Time Bills, Journal Entries.