NetClose - Non-Primary Book Reconciliations

Overview

NetClose has the ability to generate reconciliation records for the primary accounting book and other accounting books setup in the NetSuite account.

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Step by Step Process - Setup

Navigate to NetClose > Setup > System Setup
On the "System Features" Tab select the Create Reconciliations for Non-Primary Books checkbox
Select Save
Navigate to NetClose > Setup > Account Groupings & Rules
Select Edit next to the desired Account Group to reconcile for the non-primary book
On the "Book" tab select the book/s to have the reconciliation generated for
Select Save
To confirm the system has been configured correctly, after generating the appropriate reconciliations, navigate to NetClose > Reconciliations > All Reconciliations
1. NetClose will generate a reconciliation record for any book that does not match the primary book and any book that has different currencies between the primary and non-primary books.

Step by Step Process - Operations

The reconciliation items can be linked from primary book to non-primary book and non-primary book to primary book as desired by following the steps below:

Primary Item Added to Non-Primary Book

Select the primary book reconciliation record
Add the applicable reconciliation items
1. For those that items that should be in multiple books, select the applicable books under "Apply to Additional Books"
2. Save the reconciliation item once all information has been entered
The primary book reconciliation will now appear on the non-primary book reconciliation record as well

Non-Primary Book Item Added to Primary Book

Select the non-primary book reconciliation record
Add the applicable reconciliation items
1. For those that items that should apply to the primary book, select the Apply to Primary Book checkbox
2. Save the reconciliation item once all information has been entered
The non-primary book reconciliation will now appear on the primary book reconciliation record as well

Items created in one book's record and applied to another can only be edited and unapplied on the original book they were created from.

Document management can still be used with non-primary books and applied as described ap

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