Bank Reconciliation is used to maintain both Netsuite Accounting books (Only Bank and Credit Card) bank accounts accounts accurate, this can be done in using the bank reconciliation. A bank reconciliation should be completed at regular intervals for all bank accounts, to ensure that a company's cash records are correct.
Memorizing transactions allows user to record transactions frequently depending on the frequency that the user has defined. Memorizing a transaction will help the user in entering the data and also set it as a remainder.
As commerce continues to evolve at the speed of light, there is a greater need for innovation and agility than ever before. That kind of ingenuity was on display at SuiteWorld18, NetSuite’s annual user conference in Las Vegas.
In Workflow each state contains actions. The actions used in a workflow depends on the type of business processes need to be automated by the workflows. Workflow actions are the tasks that are performed by the workflow depending on the properties that we assign.Each state has one or more actions, and all actions contains the elements like properties, triggers and conditions.
The accounting period is the time period for which Company or Organization reports financial performance and financial position. This feature supports general ledger management. The period covered by financial statements. Every business depends on accounting period to prepare internal accounts for performance monitoring.