During the reconciliation process of a bank account in NetSuite, a discrepancy was discovered when comparing the balance amounts between the migrated data and the client’s legacy system. This issue arose due to an open transaction migration that incorrectly recorded a payment of 2,500 GBP with a base amount of 14,000 AED. However, the balance… Continue reading Balancing Bank Account Discrepancies During NetSuite Migration
Tag: opening balances
Data Migration Opening Balance Part 1
Cut-Over Plan Best Practices for Go-Live Success It’s Go-Live time! You’ve done all the hard work to define requirements, configure, integrate, and thoroughly test the new system and everyone is excited to start using it! So what could go wrong? There are several final planning and preparation tasks to make your NetSuite transition a success.… Continue reading Data Migration Opening Balance Part 1
PART 2.4 – Managing account balances
Entering Opening Balances The opening balance for each general ledger account is the amount in the account when you first start using it in NetSuite. The date of the opening balance is included on each account record. After an opening balance has been entered for an account, that account can be used in NetSuite transactions. … Continue reading PART 2.4 – Managing account balances