NetClose - Amortization Sourcing

OVERVIEW

In NetClose, sourcing can be configured to pull values from NetSuite transactions, such as bills or journal entries, into NetClose Amortization records. It is important to note that this functionality is limited to custom fields visible at the transaction line level and does not support custom segments. To source a custom segment, a custom field must be created that utilizes the List/Record from the custom segment. 

 

Click here to view this walkthrough in full screen. 

STEP BY STEP PROCESS - NetClose Amortization Create From Transaction Sourcing

Navigate to NetClose > Setup > Sourcing. On this screen, existing sourcings can be edited or a new sourcing can be created by clicking New NetClose Sourcing.

  • Give the sourcing record a memorable name so it is clear what the objective of the sourcing is. 

  • Select the proper Sourcing Type:

NetClose Amortization Posting - used to source fields from the NetClose Amortization Record onto Amortization journal entries.

NetClose Amortization Create From Transaction - used to source information from a NetSuite transaction like a bill or a journal entry onto the NetClose Amortization Record when using the Amortization Create from Transaction screen in NetClose.

In this example, the NetClose Amortization Create From Transaction is being used.

  • Select the Sourcing Field ID - This field specifies where NetClose should retrieve the value to be sourced onto the record. It corresponds to the transaction line field in the source transaction. This list displays available transaction line fields for sourcing from NetSuite transactions. If a field is missing, ensure it is visible on the transaction line and is not a custom segment field. 
  • Select the Sourcing to Field ID (Transaction Column ID) - This field indicates where NetClose should place the value on the Amortization Record when sourcing from the NetSuite transaction. The list shows all available amortization fields. If the field is missing, ensure a new field has been created on the NetClose Amortization Record for it. 
  • In the Optional section, there are two fields to specify if the sourcing record should apply only to certain amortization types (Apply to Type) or subsidiaries (Apply to Subsidiary). If no selections are made, NetClose will default to sourcing for all types and subsidiaries.

Save the record

STEP BY STEP PROCESS - NetClose Amortization Posting

In this example, the NetClose Amortization Posting type will be used. It will source a value from the NetClose amortization record aonto the amortization journal entries.

  • Select the Sourcing From Field ID. This is the field on the NetClose Amortization record where the value is found that you are trying to source onto the journal. 
  • Select the Sourcing to Field ID (Transaction Column ID). This field tells NetClose what transaction line field on the journal entry it should source the value to.
  •  In the Optional section, there are fields to specify when and where the sourcing record should apply. It can also only be applied to a specified Custom Form.

Apply Impact - Sourcing will only apply tothe line level or header level or to the debit or credit journal entries.

Account Type - Sourcing will only apply to transaction lines that impact the specific account type.

Apply to Type - Sourcing will only apply to selected amortization types.

Apply to Subsidiary - Sourcing will only apply to selected subsidiaries.

Apply to Transaction Type - Sourcing will only apply to selected types of journal entries.




 



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