During a review of the bank register following the migration of opening balances to NetSuite, discrepancies were discovered between the foreign currency amounts recorded in NetSuite and those in the client’s legacy system. Although reports in the subsidiary’s base currency accurately reflected the correct amount, there were notable differences in the foreign currency balances. … Continue reading Addressing Discrepancies in Foreign Currency Balances During NetSuite Migration
Tag: open balance
Error while importing opening balance: “The amounts in the journal entry must balance.”
Error: When adding journals into NetSuite via CSV Import, the system keeps on throwing the error message: The amounts in the journal entry must balance. We already checked the solution provided in SuiteAnswers Article ID 14160, but the system is still giving the same error message. Probable reason: After verifying that the total of the… Continue reading Error while importing opening balance: “The amounts in the journal entry must balance.”
How to view open balance transactions in journal entries
User will be able to pull up the transactions thatwere created via Setup > Accounting> Enter Opening Balances by performing the following steps: 1. Navigate to Lists > Search > SavedSearches > New > Transaction 2. Enter the following filters under the Criteriatab > Standard sub tab: Type = Journal Memorized = is False Document Number = is not empty Memo = is Opening… Continue reading How to view open balance transactions in journal entries
Customer Open Balances: Email to Customer & Admin
To send email report to customers with their open balance and send a report to Super Admin.