Using Journal Entries

There are many reasons we end up with entries in the GL within an active NetSuite account. Some of those are user-initiated and some are system-generated. For instance, users create GL-posting transactions such as Invoices, Payments, and Journal Entries and in some companies, users will need to create Advanced Intercompany Journals (AIJs) as well. The system auto-generates a variety of journals as well, for things such as Fixed Asset Management and revenue recognition (rev rec). In most cases, we want the accounting team to know about the system-generated journals so that they can anticipate their impact on the business (and tweak them in the rare cases that this is needed). When a client requires a custom solution for things such as journals or the GL impact of other transactions (via SuiteScript), we want to be very careful both when delivering such customization (with ample testing, for instance), and afterward, as we also need someone to actively monitor...