Category: Financials

All NetSuite finance related implementation/configuration/customization processes are posted in this category.

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.

Import Historical Transaction and Trial Balance (Data Migration)

2 methods for Historical trial balance import. Year to date(Historical trial balance) Net activity balance load(Historical Trial Balance) Detailed Historical balance/transaction import: Above are the methods mentioned by Netsuite. We will use the second method but with transaction details in it(not just the total of each account).  To go with this method we will use… Continue reading Import Historical Transaction and Trial Balance (Data Migration)

Inability to enter Gross Amount / Tax Amount for US subsidiaries

Gross Amount and Tax Amount columns do not appear on sales transaction forms for US and Canadian Customers because the two fields are useful for sales wherein item prices are inclusive of tax. The two fields are available for customers in Europe (those using VAT). This is still a pending enhancement 165243 – Transactions >… Continue reading Inability to enter Gross Amount / Tax Amount for US subsidiaries