Use standard account types: Use the standard account types provided by NetSuite, such as Asset, Liability, Equity, Revenue, and Expense. These account types ensure that your financial statements are accurate and comply with accounting standards. Create a chart of accounts: A chart of accounts is a list of all the accounts used in your financial… Continue reading Best practices for setting up debit and credit in NetSuite
Tag: credit and debit
GL Plugin
The GL plugin script is used to credit or debit some amounts to the specific accounts respective to the transactions which shows impact to the GL.