Accounting

Chart of Accounts Management

Enables you to modify the Chart of Accounts according to the SNC accounting standards. You can use the Chart of Accounts Import to add ledger accounts to the Account list record. For more information, see Chart of Accounts Import.

Check the Use Account Numbers box on the Accounting Preferences page.

If you're using a OneWorld account, fill in the Subsidiaries field. You must map the NetSuite Subsidiaries field to a field in your CSV file.

Accounting Contexts

For Spain where the Chart of Accounts is statutory, an accounting context provides a solution to conform to the Spanish account numbering requirements. Through the Accounting Contexts subtab on the General Preferences page, you can create a Spanish Accounting Context, which allows mapping between the main accounts and the Spanish numbers

Available in all NetSuite OneWorld accounts.

GL Audit Numbering

Applies gapless numbering sequences to all general ledger posting transactions. This is an optional feature.

Enable the GL Audit Numbering feature. For more information, see Enabling GL Audit Numbering and Setting Preferences.

GL Impact Locking

Enables you to lock the general ledger (GL) impact of a transaction to the GL.

When you use this feature on a company or a subsidiary, any change to a GL impacted field or entity field on a GL numbered impacting transaction after running a GL audit numbering sequence automatically generates copy and reversal transactions. These transactions appear on the GL Impact subtab on the original GL impacted transaction.

Enable the GL Audit Numbering feature. For more information, see Enabling GL Audit Numbering and Setting Preferences.

Check the GL Impact Locking box on the Company Information page or Subsidiary page. For more information, see GL Impact Locking.

Period End Journal Entries

An optional feature that enables you to create the income closing journals, balance sheet opening and closing journals as a task in the Period End Checklist.

Enable the Period End Journal Entries feature and perform additional setup tasks. For more information, see Setup for Period End Journal Entries.

Financial Reports

The SuiteApp provides you with the following financial reports specific to Spain:

• Balance de Situación (Balance Sheet for Spain)

• Balance de Sumas y Saldos (Trial Balance for Spain)

• Cuenta de Pérdidas y Ganancias (Profit and Loss Account for Spain)

• Libro Diario (Journal for Spain)

• Libro Mayor (General Ledger for Spain)

• Book of Issued and Received Invoices for Spain

For more information, see Spain-Specific Financial Reports.

Enable the following features:

• Custom Records

  See Custom Records.

• Advanced PDF/HTML Templates

  See Enabling the Advanced PDF/HTML Templates Feature.

• SuiteScript

  • Client SuiteScript

  • Server SuiteScript

• SuiteAnalytics Workbook

  See Enabling SuiteAnalytics Workbook in Your NetSuite Account.

• Customer Relationship Management

• Inline Editing

Disable the following feature:

• Multiple Calendars

Install the following SuiteApps:

• SuiteTax Engine SuiteApp

  See Installing the SuiteTax Engine.

• Tax Reporting Framework SuiteApp

  See Installing Tax Reporting Framework.

• Localization Assistant SuiteApp

  See Installing the Localization Assistant SuiteApp.