Does anyone know if there is a way/work around in ...
# accountingk
Katelyn Martin
08/02/2019, 7:56 PMDoes anyone know if there is a way/work around in NetSuite to write a check that debits and credits the same account?
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James Morris
08/02/2019, 7:59 PM@Katelyn Martin What exactly would be the objective in doing that?
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Katelyn Martin
08/02/2019, 8:01 PMworking to enter opening balance and outstanding checks. was hoping to be able to do that in a quick way to enter the checks with net zero impact rather than go through generating transactions, etc.
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James Morris
08/02/2019, 8:03 PMSo you have a whole bunch of checks that vendors/employees have not cashed yet, that you need to keep track of?
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Katelyn Martin
08/02/2019, 8:05 PMmy client does, correct
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KevinJ of Kansas
08/02/2019, 8:06 PMYou can do this with journal entries, but I don't advise it.
KevinJ of Kansas
08/02/2019, 8:06 PMNS has a defect with JEs and account recs and clearing in different periods
KevinJ of Kansas
08/02/2019, 8:06 PMbest practice is to import checks to a holding account
KevinJ of Kansas
08/02/2019, 8:06 PMand then reverse with a JE in that holding account.
KevinJ of Kansas
08/02/2019, 8:07 PMOddly - NS won't recognize that "hey my JE could clear over multiple periods - but it treats it as fully cleared in the first period and now all my math is wrong" as a defect. Even after like 5 calls. So I've just adjusted my process and what I advise clients to do.
KevinJ of Kansas
08/02/2019, 8:08 PMIt used to work until about 10 months ago. Then they hotfixed something and broke it.
KevinJ of Kansas
08/02/2019, 8:08 PMI'm a little salty. It was nice being able to do all your opening balance stuff in one JE.
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Katelyn Martin
08/02/2019, 8:09 PMthanks @KevinJ of Kansas, I'll give that a go!
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