To correct the error message “Invalid subsidiary reference key xxx” when importing Journals: 1. Verify that the subsidiary is an active and existing subsidiary by navigating to Setup > Company > Subsidiaries. The subsidiary should be spelled the way it is spelled in the record. It is also possible to export the list of subsidiaries to get the correct format. If the Subsidiary… Continue reading Invalid subsidiary reference key xxx is received on CSV Import of Journal Entry
Tag: journal entry
An Intercompany Journal Entry to transfer Expenses from one Subsidiary to another Subsidiary
Intercompany allocation schedules transfer a balance from one source subsidiary account to multiple destination subsidiaries for costs that are shared between subsidiaries. Below are the steps to successfully transfer expenses from one Subsidiary to another: Navigate to Lists > Accounting > Accounts > New Create new Intercompany Accounts Receivable Name: Intercompany Accounts Receivable Type: Other Current Asset Eliminate Intercompany Transactions: T Subsidiaries: parent company (include children) Include… Continue reading An Intercompany Journal Entry to transfer Expenses from one Subsidiary to another Subsidiary
Resolve the Error: Journal Entry Import Error: “The amounts in a journal entry must balance.
Imported Trial Balance through a Journal Entry and received an error “The amounts in a journal entry must balance.”
Workflow for Prevent edit of approved Journals
Prevent the users to edit the already approved journals
ADJUSTING JOURNAL ENTRY
An adjusting journal entry is usually made at the end of an accounting period to recognize an income or expense in the period that it is incurred. It is a result of accrual accounting and follows the matching and revenue recognition principles. Generally, adjusting journal entries are made for accruals and deferrals, as well as estimates.… Continue reading ADJUSTING JOURNAL ENTRY
Netsuite – Design bundles Integration for Journal creation
Integration between Netsuite and design bundles.
Automatically creates Fixed Assets from Vendor bill/ Journal
Scenario: Automatically create fixed assets from Bills/Journals when these records are created in Netsuite Solution: When a vendor bill/journal creates corresponding fixed asset records will be created automatically if the line count is less than 10. //JJ UE FA Automation QG-118.js //JJ CS Validations for FA Creation QG-119.js Vendor bill Example:
Performance Period Segment Automation
This proposal covers the automation of the performance period segment Proposal summary Automatically set values on the performance period segment upon journal creation. And also set the journals after creation using a scheduled script. Requirement Automate the Performance Period segment selection on the transactions based on the Posting Period. Our Solution Action 1: Scheduled script… Continue reading Performance Period Segment Automation
Posting Reversal Journal Entries in the Adjustment period
Netsuite will not support the posting of an automatic reversal Journal entry to an adjustment period from a past period. If you want to post a reversal journal entry to an adjustment period, the only alternative solution you can try out is to manually create the reversal of the Journal entry in the adjustment period.
Excess payment of bills
Over payment of vendor bills.