Tag: account balance

In NetSuite, Journal Entries are used to adjust account balances, record transactions that don’t originate from standard processes, and correct financial discrepancies. These manual entries allow users to debit and credit accounts while maintaining accurate financial records. When to Use Journal Entries Adjusting Account Balances (e.g., correcting errors in posted transactions). Recording Non-Cash Transactions (e.g.,… Continue reading How to Adjust Accounts Using Journal Entries in NetSuite