Enable Multi-Book Accounting Features

Important:

Multi-Book Accounting is only available in NetSuite OneWorld. Contact your sales or account representative to learn more about Multi-Book Accounting. You need help from NetSuite Professional Services to set up this feature.

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
Adjustment Only Books	Check this box to enable adjustment-only accounting books. Adjustment-only books let you post book-specific adjustments to a secondary, adjustment-only book at closing. They're a simplified version of multi-book accounting, and you don't need the full Multi-Book Accounting feature to use them.
Full Multi-Book Accounting	Check this box to use multiple accounting books to manage your business. For more information, see Multi-Book Accounting Overview.
Chart of Accounts Mapping	Check this box to allow different account values to be used across accounting books. You must also check Multi-Book Accounting. For more information, see Chart of Accounts Mapping.
Foreign Currency Management	Check this box to manage foreign currency transactions automatically across accounting books. You must also check Multi-Book Accounting. Enable this feature on the Company subtab. For more information, see Foreign Currency Management.
Revenue and Expense Management	Check this box to recognize revenue and amortize expenses per accounting book. You must also check Multi-Book Accounting. For more information, see Revenue and Expense Management.
Extended Accounting Period Close Process	Check this box to use independent closure of accounting periods by accounting book. You must also check Multi-Book Accounting. For more information, see Accounting Book Period Close Management.

Feature

Description

Adjustment Only Books

Check this box to enable adjustment-only accounting books. Adjustment-only books let you post book-specific adjustments to a secondary, adjustment-only book at closing. They're a simplified version of multi-book accounting, and you don't need the full Multi-Book Accounting feature to use them.

Full Multi-Book Accounting

Check this box to use multiple accounting books to manage your business.

For more information, see Multi-Book Accounting Overview.

Chart of Accounts Mapping

Check this box to allow different account values to be used across accounting books. You must also check Multi-Book Accounting.

For more information, see Chart of Accounts Mapping.

Foreign Currency Management

Check this box to manage foreign currency transactions automatically across accounting books. You must also check Multi-Book Accounting. Enable this feature on the Company subtab.

For more information, see Foreign Currency Management.

Revenue and Expense Management

Check this box to recognize revenue and amortize expenses per accounting book. You must also check Multi-Book Accounting.

For more information, see Revenue and Expense Management.

Extended Accounting Period Close Process

Check this box to use independent closure of accounting periods by accounting book. You must also check Multi-Book Accounting.

For more information, see Accounting Book Period Close Management.

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