Articles tagged #ACCOUNT
Articles tagged
#ACCOUNT

Pay Run Journals > Get a Breakdown of Account-specific Amount in the Journal

User is preparing for their budgets for upcoming fiscal year and noticed that when running their Profit and Loss report, a specific account ought not to be used displays certain figures for specific periods instead of displaying zero (0) amount.

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Clear Beginning Balance of No Customer/Job in A/R Aging Report

Customer wanted to clear the beginning balance of No Customer/Job in A/R Aging Report throughTransactions > Financial > Make Journal Entries.

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Real Time Shipping Incorrect on the Web Store

The real-time shipping rate calculated on the NetSuite UI is different from the rates displayed on the web store.

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Write off Bad Debt Through Accept Customer Payments

User is interested in writing Off Bad Debt through Accept Customer Payments page.

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Removing Restrictions for Tax Control Accounts

Note: This feature is available for all nexuses, except US and Canada.

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Creating a Tax Control Account

Note: Tax types and tax codes are created separately. Changing the tax control account on the tax type record does not automatically update the tax control account shown on the tax code record. Transactions post tax to the tax control account shown on the tax code record. Editing the tax code record updates the tax control account fields.

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Tax Types Overview

A tax type determines where the tax paid or collected is tracked on the balance sheet. The balance sheet account to which NetSuite posts the collection or payment of tax is called the tax control account.

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Tax Control Accounts Overview

Tax control accounts are accounts in your general ledger or chart of accounts. These are the accounts to which the amounts computed for indirect taxes such as sales tax and VAT are posted.

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Resolve error "You have entered an Invalid Field Value XXX for the following field: tax1acct" when create customer payment

Transactions > Payables > Pay Single Vendor

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Sales Order is saved even if Enforce Credit Limit Hold has been set for the Customer

The user wants to know why theSales Orderhas been saved even ifEnforce Credit Limit Holdhas been set for theCustomer.

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Unable to set Account for Corporate Card Expenses When Editing Expense Reports

A user is trying to select an account in the Account for Corporate Card Expenses dropdown field in an Expense Report, but when saving the record, the value under this field is missing.

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Quantity Committed is Greater than Quantity On Hand in Reallocate Inventory Page

Why is the Quantity Committed appears higher than Quantity On Hand in Reallocate Items page?
The Quantity Committed appears higher than Quantity On Hand is because it already includes the Quantity Picked. This also happens when there are frequent changes made on the Accounting Preference: Fulfill Based on Commitment per Audit Trail of Preferences via Setup > Accounting > Accounting Preferences > More (located at upper right side of the page) > Audit Trail. When the Accounting Preference: Fulfill Based on Commitment is set to Allow Uncommitted, and a Sales Order, from which the quantity is on back order, is fulfilled to Picked Status, the Quantity Committed increases while the Quantity on Hand remains.

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Resolve Users Who are Allowed to Fulfill More than the Quantity on hand When Fulfill based on Commitment setting is set to Limit to Committed

System allows fulfilling of Sales Orders more than current Quantity On Hand even if Fulfill based on Commitment setting is set to "Limit to Committed" and the user is fulfilling items using the Standard Sales Order Form.

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Customize an A/R Aging Summary Report to Show Results for Specific Accounts Receivable Account(s)

To customize an A/R Aging Summary Report to Show Results for Specific Accounts Receivable Account(s) in NetSuite, perform the following steps:

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Void Bill after Bill Payment/Check is Voided

Preference can be checked by Navigating toSetup>Accounting>Accounting Preferences>GeneralTab >Void Transactions Using Reversing Journals.

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Exclude certain transactions on Standard Sales Reports

Exclude certain transactions on Standard Sales Reports like journal entry, check, deposit etc.

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Sales Reports Do Not Include Shipping Costs

Users may notice that the Sales Reports are not including Shipping Costs on the results.

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Asset Transfer Accounts

The Fixed Assets Management SuiteApp supports multiple subsidiaries and lets you transfer assets between subsidiaries.

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General Ledger Accounts for Fixed Assets Management

The Fixed Assets Management SuiteApp provides predefined general ledger accounts for fixed assets, but you can set up your existing general ledger accounts to be used with the SuiteApp.

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Role Permissions > Period Close Checklist

Here are the names of the permissions required for each task in the Period Close Checklist. Please note that some tasks may not appear here depending on the availability of certain features in the customer account.

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