Enable Accounting Basic Features

Administrators can enable the following features on the Accounting subtab of the Enable Features page at Setup > Company > Enable Features.

If the feature creates system-generated accounts when enabled, the accounts created are included in the descriptions. For a complete list of system-generated accounts, see Feature-Specific, System-Generated Accounts.

Feature	Description
Accounting	Use NetSuite for your business's accounting. Note: Enabling this feature creates the system-generated Undeposited Funds and Refunds Payable accounts. If you're using NetSuite Canadian Edition, you will also have Payable and Expenses accounts. If you're using NetSuite (U.S.), you will have the additional Sales Tax Payable account.
A/R (Accounts Receivable)	Maintain accounts receivables records and track invoices, receipts, cash sales, payments, and customer records. Note: Enabling this feature creates the system-generated Accounts Receivable account.
A/P (Accounts Payable)	Maintain accounts payable records and track purchases, bills, vendors, and payee records. Note: Enabling this feature creates the system-generated Accounts Payable account.
Accounting Periods	Group transactions as they occur during periods of time, and to allow management of financials by these defined time periods.
GL Audit Numbering	Apply gapless numbering sequences to all general ledger posting transactions. Gapless numbering sequences enables companies to meet international auditing requirements. When this feature is enabled, GL Audit Numbering is listed as a required task when you close the last month in an accounting period. You can set up and run numbering sequences as part of the required task. You can also perform a variety of GL Audit Numbering tasks on demand at Transactions > Management > GL Audit Numbering Sequences. The Accounting Periods feature is a requirement for using the GL Audit Numbering feature. GL Audit Numbering is independent of other transaction numbering you have set up at Setup > Company > Auto-Generated Numbers.
Bill Capture	Create NetSuite vendor bills from uploaded or emailed bills. This feature scans the files and populates NetSuite fields, minimizing the data entry effort and reducing manual errors and inconsistencies that occur when entering vendor bills.

Feature

Description

Accounting

Use NetSuite for your business's accounting.

Note:

Enabling this feature creates the system-generated Undeposited Funds and Refunds Payable accounts. If you're using NetSuite Canadian Edition, you will also have Payable and Expenses accounts. If you're using NetSuite (U.S.), you will have the additional Sales Tax Payable account.

A/R (Accounts Receivable)

Maintain accounts receivables records and track invoices, receipts, cash sales, payments, and customer records.

Note:

Enabling this feature creates the system-generated Accounts Receivable account.

A/P (Accounts Payable)

Maintain accounts payable records and track purchases, bills, vendors, and payee records.

Note:

Enabling this feature creates the system-generated Accounts Payable account.

Accounting Periods

Group transactions as they occur during periods of time, and to allow management of financials by these defined time periods.

GL Audit Numbering

Apply gapless numbering sequences to all general ledger posting transactions. Gapless numbering sequences enables companies to meet international auditing requirements.

When this feature is enabled, GL Audit Numbering is listed as a required task when you close the last month in an accounting period. You can set up and run numbering sequences as part of the required task. You can also perform a variety of GL Audit Numbering tasks on demand at Transactions > Management > GL Audit Numbering Sequences.

The Accounting Periods feature is a requirement for using the GL Audit Numbering feature.

GL Audit Numbering is independent of other transaction numbering you have set up at Setup > Company > Auto-Generated Numbers.

Bill Capture

Create NetSuite vendor bills from uploaded or emailed bills. This feature scans the files and populates NetSuite fields, minimizing the data entry effort and reducing manual errors and inconsistencies that occur when entering vendor bills.

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