How do I set up a new adjusting accounting period

AI generated answer (using internal Slack threads):

To set up a new adjusting accounting period in NetSuite, you would need to follow these steps: 1. Navigate to Setup -> Accounting -> Manage Accounting Periods. 2. Click on the New Accounting Period button. 3. Fill in the necessary details for the new accounting period. Make sure to select the Adjust checkbox to indicate that this is an adjusting period. 4. Click Save to create the new adjusting accounting period. Please note that only Journal Entries can be posted to adjustment periods. Other transactions like bills cannot be posted to adjustment periods. As for automating the setup of accounting periods, NetSuite already has a functionality to create a full year of accounting periods at once. However, there is no built-in functionality to automate this process without human interaction. It's generally more efficient to manually create multiple years of periods at once and then edit them as needed. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******