In NetSuite, the Check # field is automatically set to the largest existing check number increased by one by default. However, users with appropriate permissions can reset the numbering to a lower or higher number as needed. Here’s how to reset check numbering: Go to Lists > Accounting > Accounts, or Setup > Accounting >… Continue reading Resetting Check Numbering in NetSuite
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Tracking Petty Cash
Petty cash management is essential for businesses to handle small, everyday expenses efficiently. Two common methods for tracking petty cash transactions are through journal entries and utilizing the Write Checks function. 1. Tracking Petty Cash Using Journal Entries: Establish a Petty Cash account by writing a check for the desired amount and cashing it. Make… Continue reading Tracking Petty Cash