General
General · 21 fields · 20 with a value · 1 empty
- Altnamealtname
- Manage Fiscal Close
- Baserecordtypebaserecordtype
- customrecord_ns_imp_req_module
- Customformcustomform
- Module Form
- Isinactiveisinactive
- No
- Lastmodifiedlastmodified
- 8/2/2018 11:38 am
- Linenumberlinenumber
- 50
- Module descriptioncustrecord_ns_imp_module_description
- In NetSuite, it is unnecessary to close out the income statement to retained earnings. NetSuite automatically reflects the correct balance in retained earnings based on the dates you select on the balance sheet. For example, if you wish to see a balance sheet for FY 2005, the system takes the cumulative net income through 2005 and displays that value in the retained earnings account for reporting purposes. The system does not actually post the balance to retained earnings, because by doing so you would be prevented from viewing your past income statements as they would now be zero. Net income from prior periods is displayed in the 'retained earnings' account, while the current period's net income is displayed in the 'net income' account on the balance sheet. These two accounts constitute your cumulative retained earnings balance at any point in time. Adjustments to the retained earnings account are combined on the balance sheet along with the system generated numbers. The retained earnings account is a system account and cannot be deleted or substituted with another account. If you need to adjust retained earnings or allocate the balance to other equity accounts, you can post a journal entry and it will be reflected on the balance sheet.
- Module processcustrecord_ns_imp_module_process
- 1 Record to Report
- Namename
- 1.13
- Ownerowner
- Mihir Bhatnagar
- Owneridownerid
- 7
- Recordidrecordid
- 22
- Rectyperectype
- Module
- Rectype 242 1695 maxnkeyrectype_242_1695_maxnkey
- 258
- Scriptidscriptid
- value_54168_t1247005_309
- Submitnext tsubmitnext_t
- customrecordentry
- Submitnext ysubmitnext_y
- 242
- Templatestoredtemplatestored
- No
- Typetype
- custrecordentry
- Versionversion
- 3
No value 1
- Parent modulecustrecord_ns_imp_parent_module
- —
System & IDs
System & IDs · 12 fields · 7 with a value · 5 empty
- Customform refidcustomform_refid
- 102
- Entryformquerystringentryformquerystring
- rectype=242&e=T&id=22
- Idid
- 22
- InternalIdInternalId
- 22
- Module process refidcustrecord_ns_imp_module_process_refid
- 1
- Owner refidowner_refid
- 7
- Rectype refidrectype_refid
- 242
No value 5
- Customwhencecustomwhence
- —
- Externalidexternalid
- —
- Nsbrowserenvnsbrowserenv
- —
- Parent module refidcustrecord_ns_imp_parent_module_refid
- —
- Selectedtabselectedtab
- —
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