how to removing clearing accounts from our balance...
# ask-stanley-ai
s
how to removing clearing accounts from our balance sheet
c
AI generated answer (using internal Slack threads):
To remove or clear accounts from your balance sheet in NetSuite, you would typically need to reconcile the accounts. This involves tracing back to the origins of the balance and making necessary adjustments. For example, if you have an intercompany receivables account with a negative balance, you would need to find the transactions that led to this balance and create a journal entry to balance it out. For accounts like Unbilled Receivables for historical transactions, you might need to create an adjusting Journal Entry that does not impact the unbilled receivables system account but to an account of type other current asset that rolls up with it. Please note that NetSuite does not automatically relate postings, the only exception being AR and AP, where you can apply transactions to each other. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******
Slack thread 1: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.827089429
Slack thread 2: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.822667897
Slack thread 3: here (available only if the original thread was posted in the last 90 days)
Similarity score: 0.81733638
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