Requirement :
The client would like to migrate the given customer, and Vendor data to the MYNE sandbox account.
Setting up a subsidiary-
A new subsidiary needs to be set up ‘MynTahl Corporation DBA East Electronics’ under the parent
company Yune.
Rename records or transactions
The requirement is to rename records and transactions as per the preference of the client.
Department, location, and class set up-
The requirement is to set up new departments, locations, and classes. The task involves establishing business segments that can serve as search filters and columns in NetSuite reports. Additionally, if a custom segment is configured to have a GL impact, it should be visible on the GL Impact page.
Set up auto-generated number
The requirement encompasses the setup and activation of an automated system for generating ID numbers in NetSuite upon record creation. Furthermore, there will be an option to deactivate this automated ID generation feature as necessary. Within this interface, it’s possible to include prefixes and suffixes in the automatically generated numbers. These additions aid in quickly identifying the type of a record, transaction, or document. It’s important to note that auto-generated numbers remain enabled for transaction record types and document types at all times.
Set up accounting period
The requirement is to set up the operational year-end to be 12/31 and the accounting period structured for reporting to be 12 months.
Accounting and tax setup
The requirement involves the set-up of a chart of accounts, accounting year, tax control accounts, tax types, tax schedule, and tax code. The chart of accounts must contain a parent-child hierarchy. The requirement to set up a checking account as the company’s default account for transactions.
Set up a default reconciliation rule
The requirement involves configuring the default reconciliation rule to be either based on the transaction date or the cheque amount. This is to auto-match transactions with the same date and amount between bank statements and entries in NetSuite. Data must be retrieved from the bank, transferred to NetSuite, and then automatically reconciled.
Reference Link : MYNE-344-QA-Documentation.pdf