Opening Balance Journal Entries for Customers and Vendors

To setup the beginning balance for AP/AR Aging process, for entities, we have to post the opening balances for Customers and Vendors. In NetSuite, it is possible to use the ‘Opening Balance’ field in the entity record. At the creation of a customer or vendor, the opening balance, opening balance date, and opening balance accounts… Continue reading Opening Balance Journal Entries for Customers and Vendors