Author: Hormese Paul

How to Setup Accounting Periods

There are two options on how to establish accounting periods. You can either setup individual accounting periods one at a time or generate all periods for an entire year by utilizing the “Set Up Full Year” function.  A Full level of the Manage Accounting Periods permission is needed for you to have the ability to set up accounting periods. To add… Continue reading How to Setup Accounting Periods

Locked Period vs Closed Period

Many new users often find themselves confused about the distinction between these two. It is crucial for users to recognize the difference, as periods play a significant role in determining how transactions are posted. The Manage Accounting Periods page is a list of all the accounting periods set up in your account and rolled up in the… Continue reading Locked Period vs Closed Period

Multiple Currencies Feature

A currency is a monetary unit used by companies to conduct and measure their financial transactions. In NetSuite each company or subsidiary has its own base currency – this is the default currency of which records and reports are maintained per company/subsidiary. The base currency is the currency used in recording G/L impacting transactions. While base currency is used… Continue reading Multiple Currencies Feature

How to update your email address in NetSuite

Scenario: Access to NetSuite is granted using an e-mail address and a corresponding password, which together serve as a user’s credentials. Users may login in NetSuite using the Standard login pages: https://system.netsuite.com/pages/customerlogin.jsp https://system.netsuite.com/pages/login.jsp http://<accountID>.app.netsuite.com/app/login/secure/enterpriselogin.nl https://system.netsuite.com/app/login/secure/enterpriselogin.nl?c=<accountID>&whence= These login pages are for users with any role except for a user logging in with a Customer Center role.… Continue reading How to update your email address in NetSuite

Custom Role Needs to have the Ability to Delete a Message in a Record

In NetSuite, custom roles provide you with the flexibility to create and adjust roles according to your specific preferences and permissions. With this, permissions are provided by NetSuite and determine what data and interface users have access to. Permissions are tied to roles, which are assigned to users. Depending on the role(s) a user is… Continue reading Custom Role Needs to have the Ability to Delete a Message in a Record

Exploring the Benefits and Differences of Enabling Consolidated Payment Feature

The Consolidated Payment feature allows all payments, credits, and deposits to be accepted through the highest-level customer in a customer-subcustomer hierarchy or through the individual subcustomer for whom the invoice is entered. You can enable this feature by navigating to Setup > Company > Enable Features > Accounting tab. As the Consolidated Payment feature allows your business to streamline the process of multiple payments in a single… Continue reading Exploring the Benefits and Differences of Enabling Consolidated Payment Feature

Non-Reimbursable option in expense report

Question There is a line-level checkbox in the Expense reports to make the expense amount in that line Non-reimbursable. The checkbox name is ‘Non Reimbursable’. But this field is not available in the form; the related preference is also missing on the ‘Accounting Preferences’ page(in the ‘Tine and Expenses’ section). I found the below comments… Continue reading Non-Reimbursable option in expense report

How to Eliminate Old Imported Bank Transactions

Old imported bank transactions may show up in the Match Bank Data page due to any of the following: Transactions were not submitted for matching, Transactions were duplicates, Previously reconciled transactions were unreconciled Transactions were erroneously imported There are 2 options to eliminate old imported bank transactions. To illustrate, let’s use the example below. There… Continue reading How to Eliminate Old Imported Bank Transactions