Requirement: In which scenarios we’ll be able to change the type of a account? The expected behavior is that the account type should be disabled: But in this case, the account type was changed in User Interface. And also the account type don’t match with the parent account type: How is that possible? Solution: If… Continue reading Account Type Changed
Tag: account type
Resolve Error: “This information is currently unavailable. Please check back later.”
On Sandbox Accounts Page Log in to Sandbox, Release Preview or Development account and navigate to Sandbox Accounts page. The page does not show any information regarding Sandbox accounts and only displays the error above. Solution:> Log in to Production account as Administrator> Navigate to Setup > Company > Sandbox Accounts On Release Preview Page Log in to Release Preview, Development or… Continue reading Resolve Error: “This information is currently unavailable. Please check back later.”
Types of Discount Items in Sales Orders and Saved Search
In NetSuite, there are two types of discount items: posting and non-posting. For Transactions:: Posting Discount Item: A posting discount item is a type of discount item that affects the posting of the transaction. When a posting discount item is applied to a transaction, the discount amount is recorded in the general ledger and affects… Continue reading Types of Discount Items in Sales Orders and Saved Search
PART 2.2 – What naming conventions do you want to use for accounts?
When naming accounts in NetSuite, it’s important to follow best practices to ensure that the accounts are easily understood and consistent across the chart of accounts. Here are some naming conventions that you can follow (best practices) for accounts in NetSuite: Use descriptive names: Use standard account type names that clearly describe the account, such… Continue reading PART 2.2 – What naming conventions do you want to use for accounts?
PART 2.1 – How do you want to organize the hierarchy for each account type?
You can define a parent account on each account record. A parent account must have the same type as the subaccount. You cannot change the account type for an account that has associated posting and non-posting transactions such as sales order and revenue commit. The hierarchy for each account type in NetSuite can be organized… Continue reading PART 2.1 – How do you want to organize the hierarchy for each account type?
PART 2 – Chart of Accounts
Current Assets: Current Asset accounts are accounts that represent assets that are expected to be converted to cash within one year or one operating cycle, whichever is longer. These accounts are important for businesses to manage their short-term liquidity and cash flow. Cash and Cash Equivalents: This account represents cash on hand, bank deposits, and… Continue reading PART 2 – Chart of Accounts
Best Practices for NetSuite Charts of Accounts
To view the chart of accounts in NetSuite, go to Setup > Accounting > Manage G/L > Chart of Accounts. Plan and Test the Chart of Accounts Before Implementation NetSuite offers a test environment called the Sandbox, where users can plan, test, and observe each activity at every stage of implementation. Using the test environment… Continue reading Best Practices for NetSuite Charts of Accounts
PART 1 – Debit and Credit Terms in General
Debit means left and Credit means right To decrease an account you do the opposite of what was done to increase the account. For example, an asset account is increased with a debit. Therefore it is decreased with a credit. The abbreviation for debit is dr. and the abbreviation for credit is cr. Generally, these types of accounts are… Continue reading PART 1 – Debit and Credit Terms in General
Check the account type
/** * @description Functions from N/config module encapsulated * @type {{isProduction(): boolean}} */const configFunction = { /** * To know whether the account is Production Environment or not * @returns {boolean} true when account is Production, false in all other scenarios */ isProduction() { var companyInfo = config.load({ type: config.Type.COMPANY_INFORMATION }); var ns_companyid = companyInfo.getValue({… Continue reading Check the account type