Journal Entries

We will show you how to create an amortization journal entry in NetSuite. Here’s the outline of what we will be discussing in today’s post: Going through GL Account Set-Up: Deferral Account; Creating Amortization Entry: Schedule, Start date, End date; Create Prepaid Balance; Find Amortization Journal Entry; Approve Amortization

In this article, we are going to learn how to create a manual journal entry in NetSuite. We are going to look at how you can easily create simple journal entry. There are some basic steps like logging into NetSuite, filling out the primary information, and selecting the accounts and saving it. We will also take a look at what happens when a journal entry is not in balance and how the system will automatically flag it for you.