Tag: Period Close

Resolve Error When Intercompany Transaction Elimination During Period Closing

User encounters an error when attempting to eliminate Intercompany Transactions in the Period Closing task with the following message: “Invalid subsidiary reference key xx for accounting book xx”. One of the reasons is due to Roles & Permissions. The role should be associated with the Subsidiaries included in the Intercompany Transactions. Go to Setup > Users/Roles > Manage Roles (Administrator) to… Continue reading Resolve Error When Intercompany Transaction Elimination During Period Closing

Beyond the Checkbox: A Guide to a Smooth NetSuite Period-End Close

Introduction For many finance and accounting teams, the NetSuite period-end close can feel like a high-stakes race against the clock. While NetSuite’s Period Close Checklist is designed to guide you through the process, the reality is that a single un-posted transaction or a misconfigured item can bring the entire process to a grinding halt. This… Continue reading Beyond the Checkbox: A Guide to a Smooth NetSuite Period-End Close