Tag: accounting context

When an Accounting Context is applied, NetSuite follows a specific order to display account names and account numbers: How NetSuite Chooses the Account Name: If both the accounting context language and the user’s preferred language exist, the system displays the name in this language. If only the user’s preferred language is available, it is displayed.… Continue reading How Are Account Names and Numbers Displayed in Accounting Context

An Accounting Context allows a company to organize its financial records based on local Generally Accepted Accounting Principles (GAAP). This is helpful when: A company operates in multiple countries with different accounting rules. Users prefer to work with local financial standards instead of a centralized chart of accounts (COA). A company uses Multi-Book Accounting and… Continue reading Accounting Contexts in NetSuite