Overview This error typically occurs in NetSuite when an intercompany account is used in a standard journal entry instead of an intercompany journal, and the elimination settings are not properly configured. Root Cause The error arises due to a mismatch between: ~ The account’s configuration (marked for intercompany elimination) ~ The journal entry type (standard vs. intercompany) ~ The entity involved (whether it’s an intercompany entity or not) Resolution Options… Continue reading Resolving the Error: “Elimination settings for the Journal line, accounts, and name do not match”
Tag: create journal entry
Eliminate checkbox error was shown in normal JE on selecting intercompany receivable account while same was not shown in intercompany current account.
By standard, on selection of intercompany GL account in advanced intercompany JE, the eliminate checkbox is automatically checked. However, in the case of normal JE, we need to manually check the eliminate checkbox. In normal JE, we can save the transaction without eliminating for the intercompany current account as the account type is other current… Continue reading Eliminate checkbox error was shown in normal JE on selecting intercompany receivable account while same was not shown in intercompany current account.
An Automatic Status of Approved for Journal Entries Generated from CSV Import
A user who is not a Journal Entry approver is able to automatically approve his/her imported journal entry upon clicking Submit. The expected status upon submission is Pending Approval but instead, the status defaults to Approved for Posting. The reason for this is because on the Approval Rule for Journal Entry, the Minimum Amount field has a value of 0.00 whereas… Continue reading An Automatic Status of Approved for Journal Entries Generated from CSV Import
Custom page for calculating Interest and Dividend of Assets managed by custom segment
Asset Interest and Dividend Screen Process Flow The users can navigate to the Asset Interest and Dividend screen using the following navigation. Asset Transactions Homepage Screens Asset Interest and Dividend screens are classified into the following. List Screen Create Screen View Screen Edit Screen List Screen of Asset Interest or Dividend The… Continue reading Custom page for calculating Interest and Dividend of Assets managed by custom segment
Manual Invoice Closing using Journal
To manually close an open invoice when it is certain that the remaining amount will not be received from the customer, a Journal entry can be used. The Journal entry will involve crediting the Accounts Receivable account and debiting the Revenue account, essentially reversing the impact of the original invoice. Subsequently, the created Journals will… Continue reading Manual Invoice Closing using Journal