A Journal Entry created and posted in December 2024 with an Amortization Schedule start date of November 2024 posted in January. Why?

AI generated answer (using internal Slack threads):

Based on the conversations, it seems that the Journal Entry was created and posted in December 2024 with an Amortization Schedule start date of November 2024 but posted in January because of the way NetSuite handles amortization schedules. In NetSuite, the amortization schedule is tied to the originating transaction (in this case, the Journal Entry). The start and end dates of the amortization schedule are determined by the dates on the originating transaction. If the Journal Entry was created in December 2024, but the amortization schedule start date was set to November 2024, then the first amortization entry would not be posted until January. This is because all of the periods that you will be amortizing TO have to be open. So if your amortization period is for 10 years, you have to have all of the next 10 years open in order to set up the amortization schedule. If there is a need to change the start and end dates of the amortization schedule, you would need to modify the dates on the originating transaction. However, this assumes you haven't posted anything off of the schedule. If you have, it's recommended to make changes via a Journal Entry (JE). ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******